Rayonier Advanced Materials Inc (RYAM) : Lucus Advisors scooped up 2,032 additional shares in Rayonier Advanced Materials Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 54,166 shares of Rayonier Advanced Materials Inc which is valued at $706,325.Rayonier Advanced Materials Inc makes up approximately 0.43% of Lucus Advisors’s portfolio.
Other Hedge Funds, Including , Omers Administration Corp boosted its stake in RYAM in the latest quarter, The investment management firm added 11,200 additional shares and now holds a total of 37,400 shares of Rayonier Advanced Materials Inc which is valued at $487,696. Rayonier Advanced Materials Inc makes up approx 0.01% of Omers Administration Corp’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in RYAM during the most recent quarter. The investment firm sold 37,556 shares of RYAM which is valued $489,730.Blackrock Group Ltd boosted its stake in RYAM in the latest quarter, The investment management firm added 3,975 additional shares and now holds a total of 51,232 shares of Rayonier Advanced Materials Inc which is valued at $668,065.Alambic Investment Management reduced its stake in RYAM by selling 5,466 shares or 27.65% in the most recent quarter. The Hedge Fund company now holds 14,300 shares of RYAM which is valued at $205,920. Rayonier Advanced Materials Inc makes up approx 0.07% of Alambic Investment Management’s portfolio.
Rayonier Advanced Materials Inc opened for trading at $12.91 and hit $13.11 on the upside on Wednesday, eventually ending the session at $12.95, with a gain of 0.70% or 0.09 points. The heightened volatility saw the trading volume jump to 3,81,512 shares. Company has a market cap of $560 M.
On the company’s financial health, Rayonier Advanced Materials Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.20. The company had revenue of $218.00 million for the quarter, compared to analysts expectations of $210.16 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Rayonier Advanced Materials Inc. RBC Capital Mkts Downgraded Rayonier Advanced Materials Inc on Apr 25, 2016 to ” Underperform”, Price Target of the shares are set at $8.
Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Cellulose specialties are polymers used as raw materials to manufacture consumer-oriented products such as cigarette filters liquid crystal displays impact-resistant plastics thickeners for food products pharmaceuticals cosmetics high-tenacity rayon yarn for tires and industrial hoses food casings paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.