Yousif Capital Management LLC Purchases Shares of 58,515 Rayonier Advanced Materials Inc. (NYSE:RYAM)

Yousif Capital Management LLC purchased a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAMGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,515 shares of the basic materials company’s stock, valued at approximately $334,000. Yousif Capital Management LLC owned 0.09% of Rayonier Advanced Materials at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RYAM. Morgan Stanley boosted its holdings in Rayonier Advanced Materials by 121.9% in the 2nd quarter. Morgan Stanley now owns 426,564 shares of the basic materials company’s stock valued at $2,853,000 after purchasing an additional 234,367 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $506,000. Wells Fargo & Company MN raised its position in shares of Rayonier Advanced Materials by 43.0% during the 2nd quarter. Wells Fargo & Company MN now owns 183,966 shares of the basic materials company’s stock valued at $1,232,000 after buying an additional 55,317 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Rayonier Advanced Materials by 126.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 66,559 shares of the basic materials company’s stock valued at $499,000 after buying an additional 37,139 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Rayonier Advanced Materials during the 3rd quarter valued at $35,000. 69.85% of the stock is owned by hedge funds and other institutional investors.

RYAM has been the topic of several research reports. StockNews.com initiated coverage on shares of Rayonier Advanced Materials in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Royal Bank of Canada cut shares of Rayonier Advanced Materials from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $8.00 to $6.00 in a research report on Thursday, April 7th. Finally, Zacks Investment Research upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.67.

Shares of NYSE:RYAM opened at $5.30 on Friday. The stock has a market cap of $338.37 million, a PE ratio of 5.25 and a beta of 3.36. The company’s fifty day moving average is $6.02 and its 200 day moving average is $6.20. Rayonier Advanced Materials Inc. has a 52 week low of $4.55 and a 52 week high of $9.87. The company has a quick ratio of 1.54, a current ratio of 2.19 and a debt-to-equity ratio of 1.09.

Rayonier Advanced Materials (NYSE:RYAMGet Rating) last issued its earnings results on Wednesday, February 23rd. The basic materials company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The business had revenue of $374.00 million during the quarter. Rayonier Advanced Materials had a negative return on equity of 7.22% and a net margin of 4.25%. During the same quarter in the previous year, the firm posted ($0.03) EPS. Sell-side analysts anticipate that Rayonier Advanced Materials Inc. will post -0.95 EPS for the current year.

Rayonier Advanced Materials Company Profile (Get Rating)

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. The company operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. Its 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.

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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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