Sugarloaf Wealth Management LLC Sells 9,876 Shares of Rayonier Advanced Materials Inc. (NYSE:RYAM)

Sugarloaf Wealth Management LLC trimmed its stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) by 51.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,285 shares of the basic materials company’s stock after selling 9,876 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Rayonier Advanced Materials were worth $77,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RYAM. Bank of New York Mellon Corp raised its position in shares of Rayonier Advanced Materials by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 333,677 shares of the basic materials company’s stock worth $1,815,000 after purchasing an additional 24,627 shares during the last quarter. Rhumbline Advisers raised its holdings in Rayonier Advanced Materials by 14.3% in the second quarter. Rhumbline Advisers now owns 149,490 shares of the basic materials company’s stock worth $813,000 after buying an additional 18,754 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Rayonier Advanced Materials by 24.7% in the second quarter. American Century Companies Inc. now owns 1,516,198 shares of the basic materials company’s stock worth $8,248,000 after buying an additional 300,793 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Rayonier Advanced Materials by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,598,490 shares of the basic materials company’s stock valued at $19,576,000 after buying an additional 201,939 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Rayonier Advanced Materials by 7.2% during the second quarter. Renaissance Technologies LLC now owns 1,496,142 shares of the basic materials company’s stock valued at $8,139,000 after acquiring an additional 101,128 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

Rayonier Advanced Materials Stock Down 3.5 %

RYAM opened at $7.54 on Friday. The stock has a market capitalization of $497.01 million, a price-to-earnings ratio of -5.89 and a beta of 3.02. The firm has a 50 day moving average price of $8.43 and a 200-day moving average price of $7.62. Rayonier Advanced Materials Inc. has a twelve month low of $3.15 and a twelve month high of $10.28. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 1.02.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $401.00 million during the quarter, compared to analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. During the same period in the previous year, the business earned ($0.41) EPS. Equities research analysts forecast that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RYAM. Royal Bank of Canada upped their price objective on Rayonier Advanced Materials from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Insider Buying and Selling at Rayonier Advanced Materials

In other news, Director Eric Bowen purchased 12,500 shares of the business’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $8.04 per share, for a total transaction of $100,500.00. Following the purchase, the director now directly owns 12,500 shares in the company, valued at $100,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.26% of the stock is owned by corporate insiders.

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.