XTX Topco Ltd Grows Stake in Rayonier Advanced Materials Inc. (NYSE:RYAM)

XTX Topco Ltd grew its position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 263.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 101,921 shares of the basic materials company's stock after acquiring an additional 73,846 shares during the quarter. XTX Topco Ltd owned about 0.15% of Rayonier Advanced Materials worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RYAM. Horizon Kinetics Asset Management LLC lifted its position in shares of Rayonier Advanced Materials by 100.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 233,700 shares of the basic materials company's stock worth $2,000,000 after purchasing an additional 117,000 shares during the last quarter. Empowered Funds LLC grew 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 worth $2,907,000 after acquiring an additional 61,054 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Rayonier Advanced Materials during the second quarter worth about $632,000. Assenagon Asset Management S.A. lifted its holdings in shares of Rayonier Advanced Materials by 226.8% during the third quarter. Assenagon Asset Management S.A. now owns 325,037 shares of the basic materials company's stock worth $2,782,000 after purchasing an additional 225,575 shares during the period. Finally, Aristeia Capital L.L.C. lifted its holdings in shares of Rayonier Advanced Materials by 338.2% during the second quarter. Aristeia Capital L.L.C. now owns 123,313 shares of the basic materials company's stock worth $671,000 after purchasing an additional 95,173 shares during the period. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Trading Down 0.5 %

Shares of Rayonier Advanced Materials stock traded down $0.04 during trading hours on Wednesday, hitting $8.13. The company's stock had a trading volume of 262,640 shares, compared to its average volume of 527,745. The firm has a fifty day moving average of $8.59 and a 200-day moving average of $7.30. Rayonier Advanced Materials Inc. has a twelve month low of $3.15 and a twelve month high of $10.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The stock has a market cap of $535.93 million, a price-to-earnings ratio of -6.35 and a beta of 3.01.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share (EPS) 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 analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. During the same quarter in the prior year, the company earned ($0.41) EPS. Research analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a report on Thursday, December 5th. Royal Bank of Canada upped their target price on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.

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.