Sherbrooke Park Advisers LLC Has $231,000 Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Sherbrooke Park Advisers LLC boosted its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 145.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,976 shares of the basic materials company’s stock after acquiring an additional 16,557 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Rayonier Advanced Materials were worth $231,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter worth $83,000. Entropy Technologies LP purchased a new position in Rayonier Advanced Materials during the 4th quarter worth $84,000. Townsquare Capital LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter worth $85,000. Walleye Capital LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter worth $113,000. Finally, Hsbc Holdings PLC boosted its holdings in Rayonier Advanced Materials by 36.6% during the 4th quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 3,852 shares during the last quarter. 68.64% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Price Performance

RYAM opened at $4.25 on Wednesday. The firm’s fifty day moving average price is $4.72 and its two-hundred day moving average price is $6.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09. The company has a market capitalization of $283.79 million, a price-to-earnings ratio of -3.32 and a beta of 2.63. Rayonier Advanced Materials Inc. has a 1 year low of $3.45 and a 1 year high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 1.61% and a negative net margin of 5.21%. As a group, analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on RYAM. Royal Bank of Canada cut their price objective on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. StockNews.com downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Insider Buying and Selling

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

Rayonier Advanced Materials Company 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.