Rayonier Advanced Materials (NYSE:RYAM) Director Sells $17,630.03 in Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Lisa Palumbo sold 1,931 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $9.13, for a total transaction of $17,630.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Rayonier Advanced Materials Stock Performance

Shares of RYAM stock opened at $8.42 on Friday. Rayonier Advanced Materials Inc. has a one year low of $4.80 and a one year high of $11.85. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.85 and a current ratio of 1.37. The company has a 50 day moving average price of $8.25 and a 200 day moving average price of $9.00. The firm has a market capitalization of $569.39 million, a price-to-earnings ratio of -4.01 and a beta of 1.77.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). The company had revenue of $376.14 million during the quarter, compared to analyst estimates of $362.00 million. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. Sell-side analysts anticipate that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Rayonier Advanced Materials in a research report on Friday, July 17th. Wall Street Zen upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada cut their price target on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.00.

Institutional Trading of Rayonier Advanced Materials

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in Rayonier Advanced Materials by 754.4% in the second quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 7,031 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Rayonier Advanced Materials in the second quarter worth about $37,000. Graham Capital Management L.P. purchased a new stake in shares of Rayonier Advanced Materials in the fourth quarter worth about $76,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $86,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at about $117,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

About Rayonier Advanced Materials

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.