Boston Partners Buys 2,054,715 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Boston Partners increased its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 1,923.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,161,539 shares of the basic materials company’s stock after purchasing an additional 2,054,715 shares during the quarter. Boston Partners owned about 3.30% of Rayonier Advanced Materials worth $10,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bleakley Financial Group LLC purchased a new position in Rayonier Advanced Materials during the 4th quarter valued at about $47,000. Simplicity Solutions LLC bought a new stake in Rayonier Advanced Materials during the 4th quarter worth approximately $47,000. Stratos Wealth Partners LTD. purchased a new stake in Rayonier Advanced Materials in the 4th quarter worth approximately $54,000. Tower Research Capital LLC TRC boosted its holdings in Rayonier Advanced Materials by 64.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,396 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 5,633 shares during the period. Finally, Simplicity Wealth LLC purchased a new position in shares of Rayonier Advanced Materials during the 1st quarter valued at $59,000. 68.64% of the stock is currently owned by institutional investors.

Rayonier Advanced Materials Price Performance

Shares of RYAM stock traded down $0.61 during trading on Friday, hitting $5.96. The company had a trading volume of 461,657 shares, compared to its average volume of 428,709. Rayonier Advanced Materials Inc. has a 52 week low of $2.66 and a 52 week high of $6.84. The stock has a market capitalization of $390.86 million, a price-to-earnings ratio of -3.70 and a beta of 3.03. The company has a quick ratio of 0.95, a current ratio of 1.64 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $5.71 and its two-hundred day moving average is $4.82.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Tuesday, May 7th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Rayonier Advanced Materials had a negative return on equity of 7.77% and a negative net margin of 6.71%. The company had revenue of $388.00 million during the quarter, compared to the consensus estimate of $483.00 million. As a group, analysts predict that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd.

About Rayonier Advanced Materials

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