Rayonier Advanced Materials Sees Unusually Large Options Volume (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM) saw some unusual options trading activity on Monday. Investors purchased 9,201 put options on the stock. This represents an increase of 482% compared to the typical volume of 1,581 put options.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RYAM. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Rayonier Advanced Materials in a research report on Wednesday, October 11th. StockNews.com lowered shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research report on Friday, October 13th.

Rayonier Advanced Materials Stock Performance

RYAM opened at $3.38 on Tuesday. The firm has a market cap of $220.52 million, a P/E ratio of -5.82 and a beta of 3.12. Rayonier Advanced Materials has a 1-year low of $2.66 and a 1-year high of $9.84. The company has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.73. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.55 and a quick ratio of 0.82.

Hedge Funds Weigh In On Rayonier Advanced Materials

A number of hedge funds have recently modified their holdings of RYAM. AQR Capital Management LLC boosted its position in shares of Rayonier Advanced Materials by 148.3% in the third quarter. AQR Capital Management LLC now owns 1,985,218 shares of the basic materials company’s stock worth $7,028,000 after purchasing an additional 1,185,632 shares during the period. Millennium Management LLC lifted its holdings in shares of Rayonier Advanced Materials by 1,163.0% in the fourth quarter. Millennium Management LLC now owns 1,182,393 shares of the basic materials company’s stock worth $11,351,000 after buying an additional 1,088,777 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Rayonier Advanced Materials by 27.7% in the first quarter. Invesco Ltd. now owns 3,304,887 shares of the basic materials company’s stock worth $21,713,000 after buying an additional 717,466 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Rayonier Advanced Materials by 49.2% in the second quarter. Acadian Asset Management LLC now owns 1,745,579 shares of the basic materials company’s stock worth $7,466,000 after buying an additional 575,947 shares in the last quarter. Finally, Ergoteles LLC lifted its holdings in shares of Rayonier Advanced Materials by 3,865.8% in the second quarter. Ergoteles LLC now owns 491,959 shares of the basic materials company’s stock worth $2,106,000 after buying an additional 479,554 shares in the last quarter. 79.68% of the stock is currently owned by 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.