First Heartland Consultants Inc. maintained its stake in shares of Ryerson Holding Corporation (NYSE:RYI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,500 shares of the basic materials company’s stock at the end of the first quarter. First Heartland Consultants Inc. owned 0.23% of Ryerson Holding Corporation worth $1,077,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in RYI. Massachusetts Financial Services Co. MA raised its position in Ryerson Holding Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 36,102 shares of the basic materials company’s stock valued at $455,000 after buying an additional 430 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Ryerson Holding Corporation by 8.2% in the fourth quarter. Federated Investors Inc. PA now owns 25,817 shares of the basic materials company’s stock worth $345,000 after buying an additional 1,956 shares during the period. Capital Fund Management S.A. raised its stake in shares of 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 period. Bank of New York Mellon Corp increased its stake in Ryerson Holding Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock worth $936,000 after buying an additional 2,404 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Ryerson Holding Corporation by 2.5% in the first quarter. Prudential Financial Inc. now owns 134,510 shares of the basic materials company’s stock worth $1,695,000 after buying an additional 3,300 shares in the last quarter. 40.29% of the stock is owned by institutional investors and hedge funds.
Ryerson Holding Corporation (NYSE:RYI) remained flat at $8.95 during mid-day trading on Monday. 281,348 shares of the company’s stock were exchanged. The company has a market cap of $332.73 million, a price-to-earnings ratio of 15.95 and a beta of 2.20. Ryerson Holding Corporation has a 1-year low of $7.80 and a 1-year high of $19.71. The company has a 50-day moving average price of $9.86 and a 200-day moving average price of $11.78.
Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $814.50 million during the quarter, compared to analysts’ expectations of $788.38 million. Ryerson Holding Corporation had a net margin of 0.67% and a negative return on equity of 61.00%. On average, equities research analysts expect that Ryerson Holding Corporation will post $1.48 earnings per share for the current fiscal year.
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Several research firms have recently commented on RYI. ValuEngine downgraded Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a research note on Thursday, April 20th. Finally, Zacks Investment Research upgraded Ryerson Holding Corporation from a “strong sell” rating to a “hold” rating and set a $12.00 price target for the company in a research note on Tuesday, March 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $14.33.
In other Ryerson Holding Corporation news, Director Stephen P. Larson acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 28th. The stock was acquired at an average cost of $10.76 per share, with a total value of $107,600.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $215,200. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward J. Lehner acquired 3,940 shares of the company’s stock in a transaction on Friday, May 5th. The stock was acquired at an average cost of $9.78 per share, with a total value of $38,533.20. Following the completion of the purchase, the chief executive officer now directly owns 107,470 shares in the company, valued at $1,051,056.60. The disclosure for this purchase can be found here. Insiders have purchased 40,120 shares of company stock valued at $386,416 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.
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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