Rayonier Advanced Materials Inc. (NYSE:RYAM) CEO Delyle W. Bloomquist Acquires 63,291 Shares

Rayonier Advanced Materials Inc. (NYSE:RYAM) CEO Delyle W. Bloomquist purchased 63,291 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $249,999.45. Following the acquisition, the chief executive officer now directly owns 486,024 shares of the company’s stock, valued at $1,919,794.80. This trade represents a 14.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Rayonier Advanced Materials Stock Up 5.3%

Shares of RYAM stock traded up $0.22 during trading hours on Tuesday, reaching $4.28. The company had a trading volume of 653,381 shares, compared to its average volume of 540,466. The company has a market capitalization of $285.46 million, a P/E ratio of -3.34 and a beta of 2.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. Rayonier Advanced Materials Inc. has a twelve month low of $3.45 and a twelve month high of $10.28. The stock’s fifty day simple moving average is $4.73 and its 200 day simple moving average is $6.82.

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). Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. The firm had revenue of $356.00 million during the quarter, compared to analyst estimates of $375.80 million. As a group, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RYAM. Empowered Funds LLC lifted its holdings in Rayonier Advanced Materials by 4.2% in the 1st quarter. Empowered Funds LLC now owns 372,031 shares of the basic materials company’s stock worth $2,139,000 after buying an additional 15,071 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Rayonier Advanced Materials during the first quarter worth about $248,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of Rayonier Advanced Materials by 36.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 69,835 shares of the basic materials company’s stock worth $402,000 after acquiring an additional 18,673 shares in the last quarter. Millennium Management LLC boosted its holdings in Rayonier Advanced Materials by 38.0% in the first quarter. Millennium Management LLC now owns 1,168,291 shares of the basic materials company’s stock valued at $6,718,000 after purchasing an additional 321,613 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Rayonier Advanced Materials by 2.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 292,569 shares of the basic materials company’s stock valued at $1,682,000 after purchasing an additional 7,884 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered 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 Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, May 8th.

About Rayonier Advanced Materials

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.