163,437 Shares in Rayonier Advanced Materials Inc. $RYAM Bought by Deutsche Bank AG

Key Points

• Deutsche Bank initiated a position in Rayonier Advanced Materials, buying 163,437 shares worth approximately $1.285 million, or about 0.24% of the company. Institutional investors and hedge funds collectively own 68.64% of RYAM.
• Rayonier Advanced Materials reported a quarterly loss of $0.30 per share, missing estimates by $0.08, though revenue of $376.14 million exceeded consensus expectations. Analysts expect a full-year loss of approximately $1.28 per share.
• RYAM shares recently opened at $8.64, compared with a consensus analyst price target of $13.00. Ratings are mixed, resulting in an overall “Hold” consensus.

Deutsche Bank AG bought a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 163,437 shares of the basic materials company's stock, valued at approximately $1,285,000. Deutsche Bank AG owned approximately 0.24% of Rayonier Advanced Materials at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAM. Osaic Holdings Inc. increased its stake in Rayonier Advanced Materials by 754.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,963 shares of the basic materials company's stock worth $31,000 after purchasing an additional 7,031 shares in the last quarter. Graham Capital Management L.P. bought a new position in Rayonier Advanced Materials in the fourth quarter valued at approximately $76,000. Dynamic Technology Lab Private Ltd bought a new position in Rayonier Advanced Materials in the fourth quarter valued at approximately $86,000. Balyasny Asset Management L.P. acquired a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $117,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Rayonier Advanced Materials by 39.5% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,198 shares of the basic materials company's stock valued at $119,000 after buying an additional 5,721 shares during the period. 68.64% of the stock is owned by institutional investors and hedge funds.

Rayonier Advanced Materials Stock Performance

NYSE RYAM opened at $8.64 on Friday. The firm has a market capitalization of $584.41 million, a P/E ratio of -4.11 and a beta of 1.77. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 3.83. The firm's fifty day moving average price is $8.24 and its two-hundred day moving average price is $9.02. Rayonier Advanced Materials Inc. has a 1 year low of $5.38 and a 1 year high of $11.85.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). The firm had revenue of $376.14 million during the quarter, compared to the consensus estimate of $362.00 million. Rayonier Advanced Materials had a negative net margin of 9.53% and a negative return on equity of 46.19%. As a group, research analysts anticipate that Rayonier Advanced Materials Inc. will post -1.28 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on RYAM. Royal Bank Of Canada dropped their price objective on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Zacks Research raised shares of Rayonier Advanced Materials from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Rayonier Advanced Materials in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $13.00.

Rayonier Advanced Materials Profile

Rayonier Advanced Materials, Inc is a publicly traded specialty bioproducts company focused on the production of high-purity cellulose and engineered wood products. Headquartered in Jacksonville, Florida, the company operates a network of manufacturing facilities across North America, New Zealand and Europe. Its cellulose specialties business produces dissolving pulps and high-purity fibers that serve a range of end markets, including food and beverage, personal care, pharmaceuticals and textiles.

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