Mercer Global Advisors Inc. ADV Invests $61,000 in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Mercer Global Advisors Inc. ADV purchased a new stake in Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,257 shares of the basic materials company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAM. Russell Investments Group Ltd. boosted its holdings in Rayonier Advanced Materials by 471.8% during the first quarter. Russell Investments Group Ltd. now owns 1,997,437 shares of the basic materials company’s stock worth $9,548,000 after buying an additional 1,648,101 shares during the last quarter. CastleKnight Management LP grew its holdings in Rayonier Advanced Materials by 1,036.0% during the fourth quarter. CastleKnight Management LP now owns 1,963,057 shares of the basic materials company’s stock valued at $7,950,000 after purchasing an additional 1,790,257 shares during the period. Boston Partners increased its stake in Rayonier Advanced Materials by 1,923.5% in the first quarter. Boston Partners now owns 2,161,539 shares of the basic materials company’s stock valued at $10,307,000 after purchasing an additional 2,054,715 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Rayonier Advanced Materials by 30.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 717,391 shares of the basic materials company’s stock valued at $3,429,000 after purchasing an additional 168,222 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in Rayonier Advanced Materials in the second quarter worth $254,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada boosted their target price on Rayonier Advanced Materials from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th.

Rayonier Advanced Materials Trading Up 0.4 %

Shares of NYSE:RYAM opened at $8.60 on Wednesday. The firm has a market cap of $566.32 million, a price-to-earnings ratio of -5.34 and a beta of 3.00. Rayonier Advanced Materials Inc. has a 12 month low of $2.66 and a 12 month high of $8.92. The company’s fifty day simple moving average is $7.36 and its 200 day simple moving average is $5.80. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Rayonier Advanced Materials (NYSE:RYAM) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.26. Rayonier Advanced Materials had a negative return on equity of 3.96% and a negative net margin of 4.82%. The firm had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $407.10 million. During the same quarter in the previous year, the business posted ($0.25) EPS. As a group, research analysts forecast that Rayonier Advanced Materials Inc. will post -0.36 EPS for the current fiscal 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.