Rayonier Advanced Materials Inc. $RYAM Shares Sold by Boston Partners

Key Points

• Boston Partners has significantly reduced its stake in Rayonier Advanced Materials, cutting holdings by 60.6% to 584,107 shares, valued at approximately $3.36 million.
• Analysts have recently downgraded Rayonier Advanced Materials, with Zacks Research rating it as a "strong sell" and Royal Bank of Canada lowering the price target from $9.00 to $6.00.
• Rayonier Advanced Materials reported a loss of $0.43 EPS in its latest quarterly earnings, missing analysts' expectations and demonstrating a negative return on equity of 12.11%.

Boston Partners cut its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 60.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 584,107 shares of the basic materials company's stock after selling 896,829 shares during the quarter. Boston Partners owned about 0.87% of Rayonier Advanced Materials worth $3,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Rayonier Advanced Materials by 127.0% in the 4th quarter. Millennium Management LLC now owns 846,678 shares of the basic materials company's stock valued at $6,985,000 after acquiring an additional 473,723 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Rayonier Advanced Materials in the 1st quarter valued at $34,000. Deutsche Bank AG increased its holdings in shares of Rayonier Advanced Materials by 18.2% in the 4th quarter. Deutsche Bank AG now owns 123,297 shares of the basic materials company's stock valued at $1,017,000 after acquiring an additional 18,954 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Rayonier Advanced Materials by 13.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 259,475 shares of the basic materials company's stock valued at $1,492,000 after acquiring an additional 30,282 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Rayonier Advanced Materials by 64.4% during the 4th quarter. AQR Capital Management LLC now owns 507,373 shares of the basic materials company's stock valued at $4,186,000 after purchasing an additional 198,709 shares during the last quarter. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Delyle W. Bloomquist purchased 53,533 shares of the stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $4.71 per share, with a total value of $252,140.43. Following the transaction, the chief executive officer owned 539,557 shares in the company, valued at $2,541,313.47. The trade was a 11.01% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.41% of the company's stock.

Rayonier Advanced Materials Stock Up 8.8%

Shares of Rayonier Advanced Materials stock traded up $0.4450 during trading on Friday, reaching $5.5150. The company's stock had a trading volume of 517,633 shares, compared to its average volume of 553,459. The company has a market cap of $369.51 million, a price-to-earnings ratio of -0.83 and a beta of 2.49. The company has a quick ratio of 0.83, a current ratio of 1.45 and a debt-to-equity ratio of 2.10. The company has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $4.90. Rayonier Advanced Materials Inc. has a 1-year low of $3.35 and a 1-year high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.23). Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%.The firm had revenue of $340.00 million for the quarter, compared to analyst estimates of $387.07 million. As a group, equities analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Zacks Research raised Rayonier Advanced Materials to a "strong sell" rating in a research report on Friday, August 8th. Finally, Wall Street Zen cut Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rayonier Advanced Materials has an average rating of "Hold" and a consensus price target of $6.00.

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.