Inspire Investing LLC Buys 40,610 Shares of Rayonier Advanced Materials Inc. $RYAM

Key Points

• Inspire Investing LLC increased its stake in Rayonier Advanced Materials Inc. by 67.6% during Q2, owning a total of 100,690 shares valued at $388,000.
• The company's recent earnings report showed a loss of ($0.43) per share, missing the consensus estimate and generating revenue of $340 million compared to expectations of $387 million.
• Analysts have mixed ratings on the stock, with a consensus rating of "Reduce" and a target price of $6.00, reflecting ongoing concerns about its performance.

Inspire Investing LLC increased its position in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 67.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,690 shares of the basic materials company's stock after buying an additional 40,610 shares during the period. Inspire Investing LLC owned 0.15% of Rayonier Advanced Materials worth $388,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RYAM. Nuveen LLC purchased a new stake in shares of Rayonier Advanced Materials in the first quarter worth about $3,750,000. Millennium Management LLC lifted its position in shares of Rayonier Advanced Materials by 38.0% in the first quarter. Millennium Management LLC now owns 1,168,291 shares of the basic materials company's stock worth $6,718,000 after buying an additional 321,613 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Rayonier Advanced Materials by 11.8% in the first quarter. American Century Companies Inc. now owns 2,425,104 shares of the basic materials company's stock worth $13,944,000 after buying an additional 255,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Rayonier Advanced Materials by 57.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 651,776 shares of the basic materials company's stock valued at $3,748,000 after purchasing an additional 238,998 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Rayonier Advanced Materials during the first quarter valued at approximately $1,296,000. 68.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYAM has been the topic of a number of recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Rayonier Advanced Materials in a research report on Wednesday, October 8th. Zacks Research downgraded Rayonier Advanced Materials from a "hold" rating to a "strong sell" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $6.00.

Insider Buying and Selling at Rayonier Advanced Materials

In other Rayonier Advanced Materials news, CEO Delyle W. Bloomquist purchased 53,533 shares of Rayonier Advanced Materials stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $4.71 per share, for a total transaction of $252,140.43. Following the completion of the acquisition, the chief executive officer owned 539,557 shares in the company, valued at $2,541,313.47. This represents a 11.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.41% of the company's stock.

Rayonier Advanced Materials Trading Up 0.7%

Shares of NYSE RYAM opened at $7.41 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.83 and a current ratio of 1.45. The business's 50 day moving average price is $6.21 and its 200-day moving average price is $4.90. Rayonier Advanced Materials Inc. has a fifty-two week low of $3.35 and a fifty-two week high of $10.28. The company has a market cap of $496.14 million, a price-to-earnings ratio of -1.11 and a beta of 2.64.

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) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $340.00 million during the quarter, compared to analysts' expectations of $387.07 million. On average, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

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.

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