JB Capital Partners LP Purchases Shares of 100,000 Rayonier Advanced Materials Inc. $RYAM

JB Capital Partners LP bought a new stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,000 shares of the basic materials company’s stock, valued at approximately $786,000. JB Capital Partners LP owned approximately 0.15% of Rayonier Advanced Materials as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of Rayonier Advanced Materials during the second quarter valued at about $37,000. Osaic Holdings Inc. grew its holdings in Rayonier Advanced Materials by 754.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 7,031 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $76,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter worth approximately $86,000. Finally, Ancora Advisors LLC acquired a new stake in Rayonier Advanced Materials during the 3rd quarter worth approximately $138,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Rayonier Advanced Materials Stock Up 3.4%

RYAM traded up $0.29 on Friday, reaching $8.71. The company’s stock had a trading volume of 474,267 shares, compared to its average volume of 1,037,842. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83. The stock has a 50 day moving average of $8.25 and a two-hundred day moving average of $9.03. The company has a market capitalization of $589.14 million, a price-to-earnings ratio of -4.15 and a beta of 1.77. Rayonier Advanced Materials Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.85.

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

About Rayonier Advanced Materials

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.