Campbell & CO Investment Adviser LLC Boosts Holdings in Ryerson Holding Corp (NYSE:RYI)

Campbell & CO Investment Adviser LLC grew its position in Ryerson Holding Corp (NYSE:RYI) by 41.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,457 shares of the basic materials company’s stock after purchasing an additional 6,815 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Ryerson worth $200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Towle & Co. lifted its stake in shares of Ryerson by 3.7% in the 2nd quarter. Towle & Co. now owns 2,326,729 shares of the basic materials company’s stock valued at $19,382,000 after purchasing an additional 83,516 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Ryerson by 8.3% in the 2nd quarter. BlackRock Inc. now owns 1,820,395 shares of the basic materials company’s stock valued at $15,165,000 after purchasing an additional 138,921 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ryerson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 913,245 shares of the basic materials company’s stock valued at $7,607,000 after purchasing an additional 13,870 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Ryerson by 120.1% in the 2nd quarter. Prudential Financial Inc. now owns 497,166 shares of the basic materials company’s stock valued at $4,141,000 after purchasing an additional 271,322 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Ryerson by 18.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 414,010 shares of the basic materials company’s stock valued at $3,448,000 after purchasing an additional 65,811 shares in the last quarter. 35.35% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on RYI. Deutsche Bank set a $10.00 price objective on Ryerson and gave the company a “hold” rating in a research note on Thursday, July 11th. Zacks Investment Research lowered Ryerson from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 8th. BMO Capital Markets reduced their price target on Ryerson from $9.00 to $7.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th. Finally, ValuEngine lowered Ryerson from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th.

Ryerson stock opened at $8.33 on Wednesday. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.28. The firm has a market capitalization of $314.74 million, a PE ratio of 7.79 and a beta of 2.01. The company has a debt-to-equity ratio of 8.94, a quick ratio of 1.06 and a current ratio of 2.46. Ryerson Holding Corp has a one year low of $5.99 and a one year high of $11.53.

Ryerson (NYSE:RYI) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.32). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Ryerson had a return on equity of 56.51% and a net margin of 2.56%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. On average, analysts forecast that Ryerson Holding Corp will post 1.97 earnings per share for the current fiscal year.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing.

See Also: What are the risks of holding treasury bonds?

Institutional Ownership by Quarter for Ryerson (NYSE:RYI)

Receive News & Ratings for Ryerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit