Tudor Investment Corp ET AL Acquires 80,734 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Tudor Investment Corp ET AL lifted its holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 189.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,292 shares of the basic materials company's stock after buying an additional 80,734 shares during the quarter. Tudor Investment Corp ET AL owned about 0.19% of Rayonier Advanced Materials worth $1,017,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RYAM. Barclays PLC increased its position in shares of Rayonier Advanced Materials by 273.6% in the 3rd quarter. Barclays PLC now owns 83,893 shares of the basic materials company's stock valued at $718,000 after buying an additional 61,437 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Rayonier Advanced Materials by 71.6% during the 3rd quarter. Franklin Resources Inc. now owns 118,174 shares of the basic materials company's stock worth $962,000 after purchasing an additional 49,309 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rayonier Advanced Materials by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 500,891 shares of the basic materials company's stock worth $4,288,000 after purchasing an additional 306,640 shares during the last quarter. SG Americas Securities LLC raised its stake in Rayonier Advanced Materials by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 45,367 shares of the basic materials company's stock valued at $374,000 after buying an additional 11,384 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Rayonier Advanced Materials by 5.1% during the 4th quarter. Empowered Funds LLC now owns 356,960 shares of the basic materials company's stock worth $2,945,000 after buying an additional 17,368 shares during the last quarter. 68.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a research note on Thursday. StockNews.com upgraded Rayonier Advanced Materials from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.

Rayonier Advanced Materials Trading Up 8.8%

Shares of Rayonier Advanced Materials stock traded up $0.32 on Monday, hitting $3.95. 278,310 shares of the company's stock traded hands, compared to its average volume of 529,197. Rayonier Advanced Materials Inc. has a one year low of $3.45 and a one year high of $10.28. The company has a market capitalization of $263.76 million, a price-to-earnings ratio of -3.09 and a beta of 2.63. The company has a fifty day moving average of $4.97 and a two-hundred day moving average of $6.99. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.35). The business had revenue of $356.00 million during the quarter, compared to analysts' expectations of $375.80 million. Rayonier Advanced Materials had a negative return on equity of 1.61% and a negative net margin of 5.21%. As a group, sell-side analysts expect that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

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.