Rayonier Advanced MaterialsRYAM
Market Cap: $492M
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 Q2 SEC filings by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 22
30% more call options, than puts
Call options by funds: $844K | Put options by funds: $649K
22% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 41
12% more capital invested
Capital invested by funds: $236M [Q1] → $266M (+$29.3M) [Q2]
9% more funds holding
Funds holding: 141 [Q1] → 153 (+12) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1.13% less ownership
Funds ownership: 75.57% [Q1] → 74.45% (-1.13%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
RBC Capital Matthew McKellar 50% 1-year accuracy 6 / 12 met price target | 21%upside $9 | Outperform Maintained | 8 Aug 2024 |