Leading up to this report, we have seen a -8.14% fall in the stock price over the last 30 days and a -9.16% decline over the past 3 months.
A number of other hedge funds have also recently bought and sold shares of RYAM. Comerica Bank now owns 47,131 shares of the basic materials company's stock valued at $767,000 after buying an additional 2,493 shares during the period. BlackRock Fund Advisors now owns 3,039,851 shares of the basic materials company's stock worth $40,643,000 after buying an additional 229,471 shares during the last quarter. Arizona State Retirement System raised its position in shares of Rayonier Advanced Materials by 0.9% in the first quarter. (NYSE:RYAM) share price increased in the last trading session with a previous 52-week high of $17.38. Vanguard Group Inc. boosted its stake in Rayonier Advanced Materials by 6.3% in the first quarter. State Street Corp now owns 928,250 shares of the basic materials company's stock worth $14,350,000 after buying an additional 74,944 shares during the last quarter. Sector Pension Invest Board owns 22,424 shares for 0% of their portfolio.
Rayonier Advanced Materials (RYAM) opened at 16.05 on Friday. OMERS ADMINISTRATION Corp now owns 38,932 shares of the basic materials company's stock worth $521,000 after buying an additional 1,532 shares during the period. Rayonier Advanced Materials has a 12-month low of $10.37 and a 12-month high of $17.38.
News stories about Rayonier Advanced Materials (NYSE:RYAM) have been trending positive recently, according to AlphaOne. The basic materials company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.02. The company's revenue was down 7.8% compared to the same quarter a year ago. BlackRock Fund Advisors increased its stake in Rayonier Advanced Materials by 8.2% in the third quarter. The business's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Analysts expect that Rayonier Advanced Materials will post $0.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. (RYAM) has an annual dividend of $0.28, while its annual dividend yield is 1.74%. The ex-dividend date is Wednesday, June 14th. Rayonier Advanced Materials's dividend payout ratio (DPR) is 17.83%. Acadian Asset Management LLC bought a new position in shares of Rayonier Advanced Materials during the first quarter valued at about $1,294,000. The original version of this piece can be read at https://www.thecerbatgem.com/2017/05/30/spark-investment-management-llc-invests-3-30-million-in-rayonier-advanced-materials-inc-ryam.html. (RYAM) has a trading volume of 2.31 Million shares, with an average trading volume of 1090 shares - with shares dropping to a 52 week low of $10.37, and the company's shares hitting a 52 week high of $ 17.38.
Among 5 analysts covering Rayonier Advanced Materials Inc (NYSE:RYAM), 3 have Buy rating, 0 Sell and 2 Hold. Royal Bank of Canada reaffirmed a "buy" rating on shares of Rayonier Advanced Materials in a research report on Wednesday, May 3rd. RBC Capital Markets downgraded the shares of RYAM in report on Friday, December 4 to "Underperform" rating. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. The stock now has a consensus rating of Hold and an average price target of $17.83.
Fairfax Financial Holdings Ltd Can decreased Rayonier Advanced Matls Inc (RYAM) stake by 50% reported in 2016Q4 SEC filing. The Company's product lines include cellulose specialties and commodity products. The Company's products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.