Rayonier Advanced Materials (NYSE:RYAM) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Rayonier Advanced Materials (NYSE:RYAM) from a buy rating to a hold rating in a report released on Monday morning.

Separately, Royal Bank of Canada decreased their target price 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 Up 1.0 %

Rayonier Advanced Materials stock opened at $5.45 on Monday. The firm has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.97. 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 has a twelve month low of $3.72 and a twelve month high of $10.28. The company has a market capitalization of $358.91 million, a P/E ratio of -4.25 and a beta of 3.02.

Insider Transactions at Rayonier Advanced Materials

In related news, Director Eric Bowen purchased 12,500 shares of Rayonier Advanced Materials stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.14% of the company’s stock.

Institutional Trading of Rayonier Advanced Materials

Institutional investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at about $83,000. Entropy Technologies LP bought a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $84,000. Townsquare Capital LLC purchased a new position in Rayonier Advanced Materials during the fourth quarter valued at approximately $85,000. Walleye Capital LLC bought a new stake in Rayonier Advanced Materials during the 4th quarter worth approximately $113,000. Finally, Hsbc Holdings PLC increased its holdings in 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 worth $117,000 after acquiring an additional 3,852 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

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.