Federated Hermes Inc. Takes Position in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Federated Hermes Inc. bought a new position in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 455,500 shares of the basic materials company's stock, valued at approximately $1,845,000. Federated Hermes Inc. owned 0.70% of Rayonier Advanced Materials as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in Rayonier Advanced Materials by 14.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 40,598 shares of the basic materials company's stock worth $144,000 after buying an additional 5,178 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Rayonier Advanced Materials by 221.0% in the third quarter. WINTON GROUP Ltd now owns 55,457 shares of the basic materials company's stock valued at $196,000 after purchasing an additional 38,179 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of Rayonier Advanced Materials by 41.5% during the third quarter. Sugarloaf Wealth Management LLC now owns 20,361 shares of the basic materials company's stock worth $72,000 after buying an additional 5,969 shares during the period. Acadian Asset Management LLC raised its position in Rayonier Advanced Materials by 16.0% in the 3rd quarter. Acadian Asset Management LLC now owns 2,024,339 shares of the basic materials company's stock valued at $7,164,000 after buying an additional 278,760 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in Rayonier Advanced Materials during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 68.64% of the company's stock.

Rayonier Advanced Materials Stock Up 6.2 %

RYAM stock traded up $0.24 during mid-day trading on Monday, reaching $4.13. The company had a trading volume of 845,935 shares, compared to its average volume of 509,655. Rayonier Advanced Materials Inc. has a 52 week low of $2.66 and a 52 week high of $5.76. The company has a market capitalization of $270.68 million, a price-to-earnings ratio of -2.63 and a beta of 3.03. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.53 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $4.26 and a two-hundred day simple moving average of $3.90.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share (EPS) 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 the consensus estimate of $442.40 million. As a group, equities analysts predict that Rayonier Advanced Materials Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Rayonier Advanced Materials from a "sell" rating to a "hold" rating in a research report on Monday, April 22nd.

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.