Jacobs Levy Equity Management Inc. Has $16.63 Million Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Jacobs Levy Equity Management Inc. reduced its position in Ryerson Holding Co. (NYSE:RYI) by 13.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 496,383 shares of the basic materials company’s stock after selling 78,116 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Ryerson were worth $16,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ryerson by 28.6% in the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company’s stock valued at $64,961,000 after buying an additional 496,913 shares during the period. New York State Teachers Retirement System boosted its position in shares of 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 worth $87,000 after purchasing an additional 799 shares during the last quarter. Strs Ohio grew its stake in shares of Ryerson by 2.8% during the fourth quarter. Strs Ohio now owns 21,700 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 600 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in shares of Ryerson during the 4th quarter worth about $1,060,000. Finally, Wedge Capital Management L L P NC raised its position in shares of Ryerson by 23.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 17,651 shares of the basic materials company’s stock valued at $612,000 after acquiring an additional 3,396 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ryerson Stock Down 5.2 %

Shares of NYSE:RYI traded down $1.29 during trading on Wednesday, hitting $23.49. 247,099 shares of the company’s stock traded hands, compared to its average volume of 302,837. The company has a 50-day moving average price of $21.90 and a 200-day moving average price of $27.87. Ryerson Holding Co. has a 52 week low of $18.21 and a 52 week high of $42.78. The company has a current ratio of 2.09, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. The company has a market cap of $806.65 million, a price-to-earnings ratio of 8.85 and a beta of 1.61.

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

Insider Activity at Ryerson

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RYI. BMO Capital Markets decreased their price objective on shares of Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

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.