Public Employees Retirement System of Ohio continued to hold its stake in Ryerson Holding Corporation (NYSE:RYI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,584 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned 0.06% of Ryerson Holding Corporation worth $272,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of Ryerson Holding Corporation during the first quarter valued at $192,000. Capital Fund Management S.A. boosted its stake in Ryerson Holding Corporation by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock worth $207,000 after buying an additional 2,335 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Ryerson Holding Corporation during the first quarter worth approximately $232,000. California Public Employees Retirement System acquired a new stake in Ryerson Holding Corporation during the first quarter worth approximately $275,000. Finally, TFS Capital LLC acquired a new stake in Ryerson Holding Corporation during the first quarter worth approximately $305,000. 39.74% of the stock is owned by institutional investors and hedge funds.
Ryerson Holding Corporation (RYI) opened at 7.95 on Friday. Ryerson Holding Corporation has a one year low of $7.75 and a one year high of $16.85. The stock’s 50 day moving average price is $8.79 and its 200 day moving average price is $10.30. The stock has a market cap of $295.55 million, a price-to-earnings ratio of 19.73 and a beta of 2.11.
Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.05. The firm had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Equities analysts predict that Ryerson Holding Corporation will post $1.04 earnings per share for the current fiscal year.
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A number of research firms have recently commented on RYI. ValuEngine cut Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 16th. BidaskClub lowered Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, TheStreet raised Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Ryerson Holding Corporation presently has an average rating of “Hold” and a consensus target price of $14.60.
In related news, insider Michael Burbach purchased 4,800 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $8.50 per share, with a total value of $40,800.00. Following the completion of the acquisition, the insider now directly owns 57,800 shares in the company, valued at approximately $491,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Edward J. Lehner purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $8.76 per share, for a total transaction of $43,800.00. Following the acquisition, the chief executive officer now owns 115,470 shares of the company’s stock, valued at $1,011,517.20. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 28,330 shares of company stock worth $235,329. Corporate insiders own 0.76% of the company’s stock.
About Ryerson Holding Corporation
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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