Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Buys $50,121.45 in Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM – Get Rating) Director Thomas I. Morgan bought 12,195 shares of Rayonier Advanced Materials stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $50,121.45. Following the completion of the acquisition, the director now directly owns 86,603 shares in the company, valued at $355,938.33. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rayonier Advanced Materials Stock Performance

NYSE RYAM opened at $4.34 on Monday. Rayonier Advanced Materials Inc. has a 1 year low of $2.43 and a 1 year high of $9.84. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.06 and a quick ratio of 1.32. The firm has a market cap of $282.62 million, a price-to-earnings ratio of 27.13 and a beta of 3.12. The company has a fifty day moving average price of $5.56 and a 200-day moving average price of $6.86.

Rayonier Advanced Materials (NYSE:RYAM – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The basic materials company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Rayonier Advanced Materials had a net margin of 0.71% and a return on equity of 0.62%. The business had revenue of $500.00 million for the quarter. During the same period last year, the company earned ($0.37) earnings per share. As a group, equities research analysts predict that Rayonier Advanced Materials Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RYAM has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Rayonier Advanced Materials in a research report on Thursday. They issued a “hold” rating on the stock. Royal Bank of Canada upgraded shares of Rayonier Advanced Materials from a “sector perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a research report on Thursday, May 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Rayonier Advanced Materials by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 101,636 shares of the basic materials company’s stock worth $669,000 after buying an additional 3,718 shares during the period. American Century Companies Inc. increased its stake in shares of Rayonier Advanced Materials by 29.4% in the first quarter. American Century Companies Inc. now owns 379,995 shares of the basic materials company’s stock worth $2,497,000 after buying an additional 86,424 shares during the period. Citigroup Inc. increased its stake in shares of Rayonier Advanced Materials by 11.7% in the first quarter. Citigroup Inc. now owns 53,131 shares of the basic materials company’s stock worth $349,000 after buying an additional 5,556 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Rayonier Advanced Materials by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,947 shares of the basic materials company’s stock worth $361,000 after buying an additional 6,774 shares during the period. Finally, BlackRock Inc. increased its position in Rayonier Advanced Materials by 0.3% during the 1st quarter. BlackRock Inc. now owns 9,971,477 shares of the basic materials company’s stock valued at $65,513,000 after purchasing an additional 28,169 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

About Rayonier Advanced Materials

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Rayonier Advanced Materials, Inc engages in the manufacture of high purity cellulose, paperboard, and high-yield pulp products. It operates through the following segments: High Purity Cellulose, Paperboard, and High-Yield Pulp. The High Purity Cellulose segment manufactures and markets high purity cellulose, which is sold as either cellulose specialties or commodity products in the U.S., Canada, and France.