Rayonier Advanced Materials (NYSE:RYAM) Upgraded at StockNews.com

Rayonier Advanced Materials (NYSE:RYAM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Separately, Royal Bank of Canada reduced their price target on shares of Rayonier Advanced Materials from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 7th.

Rayonier Advanced Materials Price Performance

Shares of RYAM opened at $5.00 on Thursday. Rayonier Advanced Materials has a one year low of $3.72 and a one year high of $10.28. The stock’s fifty day moving average is $6.66 and its 200-day moving average is $7.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73. The firm has a market capitalization of $329.51 million, a price-to-earnings ratio of -3.90 and a beta of 3.01.

Institutional Trading of Rayonier Advanced Materials

Several institutional investors have recently modified their holdings of the company. PharVision Advisers LLC bought a new position in shares of Rayonier Advanced Materials in the fourth quarter valued at $227,000. Squarepoint Ops LLC lifted its stake in Rayonier Advanced Materials by 62.5% during the fourth quarter. Squarepoint Ops LLC now owns 90,426 shares of the basic materials company’s stock valued at $746,000 after buying an additional 34,777 shares in the last quarter. State of Wyoming boosted its holdings in shares of Rayonier Advanced Materials by 89.8% in the fourth quarter. State of Wyoming now owns 75,327 shares of the basic materials company’s stock worth $621,000 after buying an additional 35,645 shares during the period. Sherbrooke Park Advisers LLC increased its position in shares of Rayonier Advanced Materials by 145.0% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 27,976 shares of the basic materials company’s stock worth $231,000 after acquiring an additional 16,557 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Rayonier Advanced Materials by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 18,030 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 5,932 shares during the period. Institutional investors and hedge funds own 68.64% of the company’s stock.

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.