Rayonier Advanced Materials (RYAM)

• Market cap: $492M
• 1 day: 0.81%
• 5 days: -4.35%
• 1 month: -15.78%
• 3 months: -7.43%
• 6 months: 30.37%
• Year to date: 77.86%
• 1 year: 92.03%
• 5 years: 86.75%
• 10 years: -66.09%
• Sector: Materials
• Industry: Pulp Mills

About: Rayonier Advanced Materials Inc manufactures high-purity cellulose derived from wood. Also known as cellulose specialties, the company's products are used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food. The company operates in the reportable segments of High Purity Cellulose, Paperboard, High-Yield Pulp, and Corporate and Other. The key revenue is derived from the High Purity Cellulose segment. Geographically, it derives a majority of revenue from the United States.

Employees: 2,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

124% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 21

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

76% more call options, than puts

Call options by funds: $1.81M | Put options by funds: $1.03M

62% more capital invested

Capital invested by funds: $269M [Q2] → $434M (+$166M) [Q3]

39% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 41

17% more funds holding

Funds holding: 154 [Q2] → 180 (+26) [Q3]

1.76% more ownership

Funds ownership: 75.28% [Q2] → 77.04% (+1.76%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $12 61% upside
• Avg. target: $12 61% upside
• High target: $12 61% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Matthew McKellar 38% 1-year accuracy 8 / 21 met price target

61% upside $12

Outperform Maintained

7 Nov 2024