Barclays PLC Purchases 61,437 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Barclays PLC boosted its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 273.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,893 shares of the basic materials company's stock after buying an additional 61,437 shares during the period. Barclays PLC owned 0.13% of Rayonier Advanced Materials worth $718,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Horizon Kinetics Asset Management LLC increased its stake in shares of Rayonier Advanced Materials by 100.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 233,700 shares of the basic materials company's stock worth $2,000,000 after acquiring an additional 117,000 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Rayonier Advanced Materials by 21.9% during the third quarter. Empowered Funds LLC now owns 339,592 shares of the basic materials company's stock valued at $2,907,000 after purchasing an additional 61,054 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Rayonier Advanced Materials by 176.2% during the third quarter. Jane Street Group LLC now owns 174,693 shares of the basic materials company's stock valued at $1,495,000 after purchasing an additional 111,440 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Rayonier Advanced Materials in the 2nd quarter worth approximately $632,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Rayonier Advanced Materials by 760.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 183,971 shares of the basic materials company's stock worth $1,575,000 after buying an additional 162,588 shares during the last quarter. 68.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Friday, December 20th.

Rayonier Advanced Materials Stock Down 0.1 %

Shares of NYSE RYAM traded down $0.01 during midday trading on Thursday, hitting $7.67. The stock had a trading volume of 259,654 shares, compared to its average volume of 433,235. The business's 50 day moving average is $8.37 and its 200-day moving average is $7.68. Rayonier Advanced Materials Inc. has a 52 week low of $3.15 and a 52 week high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02. The company has a market cap of $505.25 million, a P/E ratio of -5.99 and a beta of 3.02.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.06. The company had revenue of $401.00 million during the quarter, compared to analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. During the same period in the previous year, the business earned ($0.41) EPS. As a group, analysts predict that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Insider Activity at Rayonier Advanced Materials

In related news, Director Eric Bowen acquired 12,500 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $8.04 per share, with a total value of $100,500.00. Following the completion of the acquisition, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.14% of the stock is currently owned by insiders.

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.