Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen Acquires 12,500 Shares

Rayonier Advanced Materials Inc. (NYSE:RYAM - Get Free Report) Director Eric Bowen bought 12,500 shares of Rayonier Advanced Materials stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $8.04 per share, with a total value of $100,500.00. Following the acquisition, the director now owns 12,500 shares in the company, valued at approximately $100,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rayonier Advanced Materials Stock Performance

RYAM stock traded up $0.12 during trading on Monday, reaching $7.95. The stock had a trading volume of 470,365 shares, compared to its average volume of 526,058. The firm has a market cap of $524.03 million, a PE ratio of -6.23 and a beta of 3.01. 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's 50 day moving average is $8.56 and its two-hundred day moving average is $7.34. Rayonier Advanced Materials Inc. has a 52 week low of $3.15 and a 52 week high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. The firm had revenue of $401.00 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned ($0.41) EPS. As a group, equities analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RYAM shares. StockNews.com lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their target price 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.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of hedge funds have recently modified their holdings of RYAM. Assenagon Asset Management S.A. bought a new position in shares of Rayonier Advanced Materials during the 2nd quarter valued at approximately $541,000. Bank of New York Mellon Corp boosted its position in shares of Rayonier Advanced Materials by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 333,677 shares of the basic materials company's stock worth $1,815,000 after purchasing an additional 24,627 shares during the period. Bailard Inc. purchased a new stake in shares of Rayonier Advanced Materials in the second quarter worth $254,000. Allspring Global Investments Holdings LLC raised its position in shares of Rayonier Advanced Materials by 4,134.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 27,566 shares of the basic materials company's stock valued at $150,000 after purchasing an additional 26,915 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Rayonier Advanced Materials by 14.3% during the 2nd quarter. Rhumbline Advisers now owns 149,490 shares of the basic materials company's stock valued at $813,000 after buying an additional 18,754 shares in the last quarter. Institutional investors own 68.64% of the company's stock.

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.