Rayonier Advanced Materials (NYSE:RYAM) Stock Rating Lowered by StockNews.com

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.

Separately, Royal Bank of Canada cut their price objective on Rayonier Advanced Materials from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 7th.

Rayonier Advanced Materials Stock Performance

NYSE:RYAM traded up $0.06 during mid-day trading on Monday, hitting $5.45. The stock had a trading volume of 513,120 shares, compared to its average volume of 491,775. 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 company has a 50 day simple moving average of $7.51 and a 200-day simple moving average of $7.99. The stock has a market capitalization of $358.91 million, a price-to-earnings ratio of -4.25 and a beta of 3.02. Rayonier Advanced Materials has a 52 week low of $3.72 and a 52 week high of $10.28.

Insider Transactions at Rayonier Advanced Materials

In related news, Director Eric Bowen bought 12,500 shares of Rayonier Advanced Materials 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 transaction, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.14% of the company's stock.

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Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in Rayonier Advanced Materials during the fourth quarter valued at approximately $83,000. Entropy Technologies LP purchased a new stake in Rayonier Advanced Materials during the fourth quarter valued at about $84,000. Townsquare Capital LLC bought a new stake in Rayonier Advanced Materials during the fourth quarter worth about $85,000. Walleye Capital LLC purchased a new position in shares of Rayonier Advanced Materials in the 4th quarter worth about $113,000. Finally, Hsbc Holdings PLC increased its position in shares of 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 valued at $117,000 after purchasing an additional 3,852 shares during the last quarter. 68.64% of the stock is currently owned by institutional investors.

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.