Tower Research Capital LLC TRC Has $58,000 Holdings in Rayonier Advanced Materials Inc. (NYSE:RYAM)

Tower Research Capital LLC TRC lifted its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) by 64.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,396 shares of the basic materials company’s stock after buying an additional 5,633 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Rayonier Advanced Materials were worth $58,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Sherbrooke Park Advisers LLC acquired a new stake in shares of Rayonier Advanced Materials in the 3rd quarter valued at approximately $46,000. Bleakley Financial Group LLC acquired a new stake in Rayonier Advanced Materials during the 4th quarter worth $47,000. Simplicity Solutions LLC bought a new position in Rayonier Advanced Materials during the fourth quarter worth about $47,000. Stratos Wealth Partners LTD. acquired a new position in Rayonier Advanced Materials in the fourth quarter valued at about $54,000. Finally, Sugarloaf Wealth Management LLC raised 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 purchasing an additional 5,969 shares during the period. 68.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a report on Monday, April 22nd.

Rayonier Advanced Materials Stock Up 6.2 %

Shares of RYAM traded up $0.24 during midday trading on Monday, hitting $4.13. The stock had a trading volume of 845,935 shares, compared to its average volume of 509,655. 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 firm has a market cap of $270.68 million, a price-to-earnings ratio of -2.63 and a beta of 3.03. Rayonier Advanced Materials Inc. has a twelve month low of $2.66 and a twelve month high of $5.76. The company 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) last released its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $442.40 million. On average, analysts anticipate that Rayonier Advanced Materials Inc. will post -0.34 EPS for the current 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.