Rayonier Advanced Materials Inc. (NYSE:RYAM) Stake Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 760.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,971 shares of the basic materials company's stock after buying an additional 162,588 shares during the period. BNP Paribas Financial Markets owned about 0.28% of Rayonier Advanced Materials worth $1,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in shares of Rayonier Advanced Materials during the 2nd quarter worth about $29,000. nVerses Capital LLC increased its stake in Rayonier Advanced Materials by 121.9% during the 3rd quarter. nVerses Capital LLC now owns 7,100 shares of the basic materials company's stock worth $61,000 after buying an additional 3,900 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Rayonier Advanced Materials in the second quarter worth about $61,000. Truist Financial Corp purchased a new position in shares of Rayonier Advanced Materials during the 2nd quarter valued at approximately $66,000. Finally, Intech Investment Management LLC acquired a new position in Rayonier Advanced Materials during the 3rd quarter worth $139,000. Hedge funds and other institutional investors own 68.64% of the company's stock.

Analyst Ratings Changes

RYAM has been the subject of a number of research analyst reports. StockNews.com downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada raised their price target on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Rayonier Advanced Materials Stock Performance

RYAM stock traded down $0.27 during midday trading on Monday, reaching $8.26. The company had a trading volume of 367,527 shares, compared to its average volume of 529,500. The firm has a market capitalization of $544.50 million, a PE ratio of -6.45 and a beta of 3.01. The stock has a 50 day moving average price of $8.61 and a 200 day moving average price of $7.28. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.15 and a fifty-two 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.

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

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.