Traders Purchase High Volume of Call Options on Rayonier Advanced Materials (NYSE:RYAM)

Rayonier Advanced Materials Inc. (NYSE:RYAM – Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 21,908 call options on the stock. This is an increase of 1,414% compared to the typical daily volume of 1,447 call options.

Analysts Set New Price Targets

A number of research firms recently weighed in on RYAM. Royal Bank Of Canada lowered their target price on shares of Rayonier Advanced Materials from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Zacks Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rayonier Advanced Materials in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Check Out Our Latest Stock Report on Rayonier Advanced Materials

Rayonier Advanced Materials Stock Performance

RYAM traded up $0.10 during trading on Tuesday, hitting $6.77. 430,698 shares of the company traded hands, compared to its average volume of 1,021,812. Rayonier Advanced Materials has a one year low of $5.38 and a one year high of $11.85. The stock’s fifty day moving average is $7.75 and its 200 day moving average is $8.66. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 3.83. The firm has a market cap of $457.86 million, a P/E ratio of -3.22 and a beta of 1.84.

Rayonier Advanced Materials (NYSE:RYAM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Rayonier Advanced Materials had a negative return on equity of 46.19% and a negative net margin of 9.53%. The company had revenue of $376.14 million during the quarter, compared to the consensus estimate of $362.00 million. As a group, equities analysts predict that Rayonier Advanced Materials will post -1.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Rayonier Advanced Materials

Several institutional investors have recently bought and sold shares of RYAM. BlackRock Inc. bought a new position in Rayonier Advanced Materials in the 2nd quarter valued at $37,437,000. Aip LLC purchased a new stake in shares of Rayonier Advanced Materials in the second quarter worth $26,724,000. Nantahala Capital Management LLC bought a new stake in Rayonier Advanced Materials during the second quarter valued at $13,344,126. Irenic Capital Management LP bought a new stake in Rayonier Advanced Materials during the first quarter valued at $15,013,000. Finally, Empowered Funds LLC purchased a new position in Rayonier Advanced Materials during the second quarter worth about $3,138,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Rayonier Advanced Materials Company Profile

(Get Free Report)

Rayonier Advanced Materials Inc (NYSE: RYAM) is a specialty materials company that manufactures cellulose-based products for industrial and consumer applications. Its portfolio includes high-purity cellulose, cellulose specialties, and other engineered materials used in products such as acetate tow for cigarette filters, pharmaceutical and food-grade excipients, coatings, films, plastics, and other specialty applications.

The company also produces performance fibers and related cellulose products for markets including textiles, nonwovens, and industrial materials.

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