Rayonier Advanced Materials Inc (RYAM) Shares Sold by U S Global Investors Inc.
U S Global Investors Inc. lowered its stake in Rayonier Advanced Materials Inc (NYSE:RYAM) by 59.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,600 shares of the basic materials company’s stock after selling 95,915 shares during the quarter. U S Global Investors Inc. owned approximately 0.15% of Rayonier Advanced Materials worth $912,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Rayonier Advanced Materials by 6.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock valued at $110,000 after buying an additional 399 shares in the last quarter. Quantbot Technologies LP lifted its stake in Rayonier Advanced Materials by 1,613.9% in the 3rd quarter. Quantbot Technologies LP now owns 10,129 shares of the basic materials company’s stock valued at $138,000 after buying an additional 9,538 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in Rayonier Advanced Materials in the 3rd quarter valued at approximately $146,000. Crossmark Global Holdings Inc. purchased a new stake in Rayonier Advanced Materials in the 3rd quarter valued at approximately $176,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Rayonier Advanced Materials in the 3rd quarter valued at approximately $186,000. 95.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on RYAM. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 target price on shares of Rayonier Advanced Materials in a research note on Monday, August 21st. Sidoti assumed coverage on Rayonier Advanced Materials in a report on Thursday, August 17th. They issued a “buy” rating and a $19.00 price target for the company. Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, ValuEngine downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Rayonier Advanced Materials has an average rating of “Buy” and an average price target of $18.83.
Shares of Rayonier Advanced Materials Inc (RYAM) traded up $0.16 on Monday, reaching $18.95. The company’s stock had a trading volume of 422,700 shares, compared to its average volume of 549,905. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.46 and a quick ratio of 1.20. The firm has a market cap of $820.09, a P/E ratio of 30.57, a PEG ratio of 5.92 and a beta of 4.41. Rayonier Advanced Materials Inc has a 52 week low of $11.88 and a 52 week high of $19.14.
Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $200.66 million. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. Rayonier Advanced Materials’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. research analysts anticipate that Rayonier Advanced Materials Inc will post 0.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 annualized dividend and a yield of 1.48%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 51.85%.
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Rayonier Advanced Materials Company Profile
Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.
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