Rayonier Advanced Materials (RYAM) Shareholder Linden Advisors LP Raised Holding

Angelo Anderson
April 26, 2018

Renaissance Technologies LLC now owns 3,196,000 shares of the basic materials company's stock valued at $49,410,000 after buying an additional 166,400 shares during the period. The company has a current ratio of 2.10, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. About 55,936 shares traded. The company now has an average rating of "Hold" and an average price target of $17.33.

Gsa Capital Partners Llp decreased Rayonier Advanced Matls Inc (RYAM) stake by 90.61% reported in 2017Q4 SEC filing. Archer Capital Management Lp sold 1.07M shares as the company's stock rose 5.81% while stock markets declined. Linden Advisors Lp who had been investing in Rayonier Advanced Materials for a number of months, seems to be bullish on the $1.16B market cap company. About 355,768 shares traded. Zacks Investment Research downgraded shares of Rayonier Advanced Materials from a "hold" rating to a "sell" rating in a research note on Wednesday, February 21st. (NYSE:RYAM) has risen 69.18% since April 26, 2017 and is uptrending. The stock outperformed the S&P500 by 57.63%.

RYAM is reaching $21.82 during the last trading session, after decreased 2.15%.Rayonier Advanced Materials Inc. has volume of 257,605 shares. Therefore 67% are positive. After $0.50 actual EPS reported by Rayonier Advanced Materials Inc. for the previous quarter, Wall Street now forecasts -14.00% negative EPS growth. (NYSE:RYAM) earned "Buy" rating by Bank of America on Monday, May 29. The rating was maintained by RBC Capital Markets with "Buy" on Sunday, August 20. Atlantic Securities upgraded the stock to "Hold" rating in Wednesday, August 10 report. The company was maintained on Monday, September 25 by RBC Capital Markets. The firm earned "Hold" rating on Monday, July 24 by Oppenheimer. RBC Capital Markets maintained Rayonier Advanced Materials Inc. ValuEngine raised shares of Rayonier Advanced Materials from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 1st. As per Monday, April 25, the company rating was downgraded by RBC Capital Markets. (NYSE:RYAM) earned "Buy" rating by RBC Capital Markets on Tuesday, May 30.

Analysts await Urban Edge Properties (NYSE:UE) to report earnings on May, 2 after the close. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02. RYAM's profit will be $22.30M for 12.60 P/E if the $0.43 EPS becomes a reality.

Among 40 analysts covering Citigroup Inc.

Among 3 analysts covering Urban Edge Properties (NYSE:UE), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 58% are positive. The stock has "Buy" rating by Credit Suisse on Monday, October 9. Sidoti has "Buy" rating and $19.0 target. The firm has "Buy" rating by Bank of America given on Sunday, August 16. On Thursday, November 3 the stock rating was maintained by Wells Fargo with "Outperform". The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Vining Sparks upgraded it to "Buy" rating and $8000 target in Friday, April 6 report. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. It fall, as 58 investors sold C shares while 480 reduced holdings.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 0.27 whereas its trailing twelve month P/E ratio is 6.2. Pekin Singer Strauss Asset Mngmt Il holds 23,453 shares or 0.32% of its portfolio. The firm had revenue of $201 million for the quarter, compared to analysts' expectations of $200.28 million.

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