Ryerson Holding Co. (NYSE:RYI) Shares Bought by Caxton Associates LP

Caxton Associates LP grew its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 29.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,244 shares of the basic materials company’s stock after purchasing an additional 9,688 shares during the period. Caxton Associates LP owned approximately 0.12% of Ryerson worth $1,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System lifted its stake in Ryerson by 46.5% in the 4th quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock valued at $87,000 after buying an additional 799 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Ryerson in the 1st quarter valued at approximately $139,000. Los Angeles Capital Management LLC purchased a new stake in Ryerson in the 4th quarter valued at approximately $247,000. MMCAP International Inc. SPC purchased a new stake in Ryerson in the 4th quarter valued at approximately $278,000. Finally, Trexquant Investment LP purchased a new stake in Ryerson in the 4th quarter valued at approximately $287,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insiders Place Their Bets

In other news, COO Michael Burbach acquired 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $23.75 per share, for a total transaction of $95,000.00. Following the acquisition, the chief operating officer now directly owns 226,263 shares in the company, valued at approximately $5,373,746.25. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Karen Marie Leggio purchased 2,127 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the acquisition, the director now owns 2,127 shares in the company, valued at $49,984.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Burbach purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $23.75 per share, with a total value of $95,000.00. Following the completion of the acquisition, the chief operating officer now owns 226,263 shares in the company, valued at approximately $5,373,746.25. The disclosure for this purchase can be found here. Corporate insiders own 3.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RYI. StockNews.com lowered Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets reduced their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd.

Ryerson Trading Down 1.1 %

Shares of Ryerson stock traded down $0.28 during trading hours on Tuesday, reaching $25.00. 83,028 shares of the company’s stock were exchanged, compared to its average volume of 301,238. Ryerson Holding Co. has a 52-week low of $18.21 and a 52-week high of $42.78. The firm has a market capitalization of $858.50 million, a price-to-earnings ratio of 9.86 and a beta of 1.61. The company has a fifty day moving average of $21.87 and a 200-day moving average of $27.92. The company has a current ratio of 2.09, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). Ryerson had a return on equity of 10.27% and a net margin of 1.84%. The business had revenue of $1.24 billion for the quarter.

Ryerson Profile

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