PharVision Advisers LLC Makes New $227,000 Investment in Rayonier Advanced Materials Inc. (NYSE:RYAM)

PharVision Advisers LLC bought a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 27,523 shares of the basic materials company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Rayonier Advanced Materials by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,970,285 shares of the basic materials company’s stock worth $32,754,000 after purchasing an additional 146,799 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Rayonier Advanced Materials by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,735,408 shares of the basic materials company’s stock valued at $30,817,000 after acquiring an additional 26,402 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Rayonier Advanced Materials by 20.3% during the 4th quarter. American Century Companies Inc. now owns 2,169,320 shares of the basic materials company’s stock valued at $17,897,000 after acquiring an additional 366,009 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Rayonier Advanced Materials by 29.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,021,444 shares of the basic materials company’s stock valued at $16,677,000 after acquiring an additional 464,630 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Rayonier Advanced Materials by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 1,140,573 shares of the basic materials company’s stock valued at $9,410,000 after acquiring an additional 32,227 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RYAM shares. Wall Street Zen cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Royal Bank of Canada lowered their price target on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th.

Insider Activity at Rayonier Advanced Materials

In related news, CEO Delyle W. Bloomquist acquired 63,291 shares of Rayonier Advanced Materials stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $3.95 per share, for a total transaction of $249,999.45. Following the acquisition, the chief executive officer now owns 486,024 shares in the company, valued at approximately $1,919,794.80. This represents a 14.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.41% of the stock is owned by insiders.

Rayonier Advanced Materials Trading Down 0.8%

Shares of RYAM stock opened at $3.94 on Friday. The company’s 50-day moving average price is $4.66 and its 200-day moving average price is $6.76. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $263.09 million, a price-to-earnings ratio of -3.08 and a beta of 2.63. Rayonier Advanced Materials Inc. has a twelve month low of $3.45 and a twelve month high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The company had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $375.80 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. As a group, equities analysts predict that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Rayonier Advanced Materials Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.