455,500 Shares in Rayonier Advanced Materials Inc. (NYSE:RYAM) Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 455,500 shares of the basic materials company’s stock, valued at approximately $1,845,000. Federated Hermes Inc. owned approximately 0.70% of Rayonier Advanced Materials as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sugarloaf Wealth Management LLC boosted its stake in Rayonier Advanced Materials by 14.7% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 23,361 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 3,000 shares during the period. Mackenzie Financial Corp raised its holdings in Rayonier Advanced Materials by 22.8% during the fourth quarter. Mackenzie Financial Corp now owns 20,038 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 3,718 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Rayonier Advanced Materials by 14.6% during the third quarter. Harbor Capital Advisors Inc. now owns 40,598 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 5,178 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $47,000. Finally, Simplicity Solutions LLC bought a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at $47,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Advanced Materials Trading Up 0.3 %

NYSE RYAM opened at $3.89 on Monday. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve month high of $5.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.98 and a current ratio of 1.53. The stock has a market cap of $254.95 million, a price-to-earnings ratio of -2.48 and a beta of 3.03. The firm’s 50 day moving average price is $4.27 and its two-hundred day moving average price is $3.89.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.16). Rayonier Advanced Materials had a negative return on equity of 6.80% and a negative net margin of 6.15%. The firm had revenue of $422.00 million for the quarter, compared to analysts’ expectations of $442.40 million. Equities analysts anticipate that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current year.

Analyst Ratings Changes

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

Rayonier Advanced Materials Profile

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.