Rayonier Advanced Materials Sees Unusually High Options Volume (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the recipient of some unusual options trading on Tuesday. Investors bought 5,019 put options on the stock. This represents an increase of approximately 261% compared to the typical daily volume of 1,390 put options.

Rayonier Advanced Materials Stock Up 1.1%

Rayonier Advanced Materials stock traded up $0.07 during mid-day trading on Tuesday, reaching $6.55. 2,316,619 shares of the company were exchanged, compared to its average volume of 1,007,009. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a market cap of $443.34 million, a P/E ratio of -3.10 and a beta of 1.84. The business has a fifty day moving average of $7.98 and a 200 day moving average of $8.68. Rayonier Advanced Materials has a 12-month low of $5.38 and a 12-month high of $11.85.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). The company had revenue of $376.14 million during the quarter, compared to analysts’ expectations of $362.00 million. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. Research analysts anticipate that Rayonier Advanced Materials will post -1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RYAM has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, October 15th. Wall Street Zen upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada cut their target price on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.00.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of institutional investors have recently added to or reduced their stakes in RYAM. Fifth Third Wealth Advisors LLC bought a new position in Rayonier Advanced Materials in the third quarter worth about $81,000. Inspire Investing LLC bought a new stake in shares of Rayonier Advanced Materials in the 3rd quarter valued at about $628,000. SummerHaven Investment Management LLC bought a new stake in shares of Rayonier Advanced Materials in the 3rd quarter valued at about $1,190,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Rayonier Advanced Materials in the 3rd quarter worth approximately $284,000. Finally, Tactive Advisors LLC grew its position in shares of Rayonier Advanced Materials by 29.6% in the 3rd quarter. Tactive Advisors LLC now owns 18,277 shares of the basic materials company’s stock worth $146,000 after buying an additional 4,170 shares during the last quarter. Institutional investors own 68.64% of the company’s stock.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.