GSA Capital Partners LLP Makes New $1.30 Million Investment in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Key Points

• GSA Capital Partners LLP acquired 225,396 shares of Rayonier Advanced Materials Inc., valued at approximately $1.3 million, representing a 0.34% ownership stake in the company.
• Rayonier Advanced Materials' stock recently experienced a decline, opening at $3.92 and reaching a one-year low of $3.45, with notable earnings miss of ($0.49) per share against expectations of ($0.14).
• Analysts from Wall Street Zen and Royal Bank of Canada have made recent changes to their ratings and price targets for Rayonier Advanced Materials, with the former downgrading from "buy" to "hold."

GSA Capital Partners LLP acquired a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 225,396 shares of the basic materials company's stock, valued at approximately $1,296,000. GSA Capital Partners LLP owned 0.34% of Rayonier Advanced Materials at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in shares of Rayonier Advanced Materials during the 1st quarter worth about $34,000. Townsquare Capital LLC bought a new position in Rayonier Advanced Materials during the 4th quarter valued at about $85,000. Walleye Capital LLC bought a new position in Rayonier Advanced Materials during the 4th quarter valued at about $113,000. Hsbc Holdings PLC lifted its holdings in Rayonier Advanced Materials by 36.6% during the 4th quarter. Hsbc Holdings PLC now owns 14,367 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 3,852 shares during the last quarter. Finally, Man Group plc bought a new position in Rayonier Advanced Materials during the 4th quarter valued at about $142,000. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Trading Down 5.5%

Shares of NYSE:RYAM traded down $0.21 during trading on Friday, hitting $3.63. 731,533 shares of the company's stock were exchanged, compared to its average volume of 487,159. The firm has a market cap of $242.41 million, a P/E ratio of -3.42 and a beta of 2.49. The firm has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $5.20. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 1.03. Rayonier Advanced Materials Inc. has a 1-year low of $3.45 and a 1-year high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.35). The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $375.80 million. Rayonier Advanced Materials had a negative net margin of 4.38% and a negative return on equity of 4.71%. Equities analysts predict that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Wall Street Zen cut shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist acquired 63,291 shares of the business's stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $3.95 per share, with a total value of $249,999.45. Following the completion of the transaction, the chief executive officer directly owned 486,024 shares in the company, valued at $1,919,794.80. This trade represents a 14.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.41% of the company's stock.

Rayonier Advanced Materials Company 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.