Rayonier Advanced Materials Target of Unusually Large Options Trading (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) was the recipient of some unusual options trading activity on Friday. Stock traders bought 6,150 put options on the stock. This is an increase of approximately 63% compared to the typical daily volume of 3,765 put options.

Rayonier Advanced Materials Stock Up 1.3 %

RYAM traded up $0.04 during trading hours on Friday, reaching $3.02. 191,492 shares of the stock traded hands, compared to its average volume of 974,461. The firm’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $4.90. The company has a market cap of $197.33 million, a price-to-earnings ratio of 11.46 and a beta of 3.20. Rayonier Advanced Materials has a fifty-two week low of $2.84 and a fifty-two week high of $9.84. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.02.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings results on Tuesday, August 8th. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.13). Rayonier Advanced Materials had a net margin of 1.05% and a return on equity of 0.98%. The business had revenue of $385.00 million during the quarter. As a group, analysts forecast that Rayonier Advanced Materials will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RYAM has been the subject of a number of research reports. Bank of America reduced their price target on shares of Rayonier Advanced Materials from $4.40 to $4.00 in a research report on Monday, July 10th. StockNews.com cut shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Royal Bank of Canada cut their price target on shares of Rayonier Advanced Materials from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, August 10th.

Institutional Investors Weigh In On Rayonier Advanced Materials

Several hedge funds have recently bought and sold shares of RYAM. Nuveen Asset Management LLC grew its holdings in Rayonier Advanced Materials by 22.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 826,858 shares of the basic materials company’s stock valued at $3,539,000 after buying an additional 150,288 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Rayonier Advanced Materials by 140.9% in the 2nd quarter. Alliancebernstein L.P. now owns 37,820 shares of the basic materials company’s stock valued at $162,000 after buying an additional 22,120 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Rayonier Advanced Materials by 53.4% in the 2nd quarter. Wells Fargo & Company MN now owns 27,170 shares of the basic materials company’s stock valued at $116,000 after buying an additional 9,463 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Rayonier Advanced Materials by 26.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,716 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 16,329 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Rayonier Advanced Materials by 49.7% during the 2nd quarter. XTX Topco Ltd now owns 124,100 shares of the basic materials company’s stock worth $531,000 after buying an additional 41,209 shares during the period. 79.68% of the stock is owned by hedge funds and other institutional investors.

Rayonier Advanced Materials Company Profile

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.