Insider Buying: Ryerson Holding Corporation (RYI) CEO Purchases 2,500 Shares of Stock
Ryerson Holding Corporation (NYSE:RYI) CEO Edward J. Lehner acquired 2,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $8.74 per share, with a total value of $21,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 136,890 shares in the company, valued at approximately $1,196,418.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Ryerson Holding Corporation (NYSE:RYI) traded down $0.15 during trading on Wednesday, reaching $8.60. 428,500 shares of the company’s stock traded hands, compared to its average volume of 307,259. The company has a debt-to-equity ratio of -70.93, a current ratio of 2.49 and a quick ratio of 1.08. The company has a market capitalization of $325.58, a P/E ratio of 31.25 and a beta of 2.08. Ryerson Holding Corporation has a 1-year low of $7.65 and a 1-year high of $16.85.
Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. Ryerson Holding Corporation had a net margin of 0.26% and a negative return on equity of 33.95%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. analysts predict that Ryerson Holding Corporation will post 0.63 earnings per share for the current year.
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A number of analysts have recently issued reports on RYI shares. TheStreet raised shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a report on Friday, October 20th. Finally, KeyCorp reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ryerson Holding Corporation in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.81.
A number of institutional investors have recently bought and sold shares of RYI. First Trust Advisors LP bought a new stake in Ryerson Holding Corporation in the third quarter worth $134,000. Trellus Management Company LLC bought a new position in shares of Ryerson Holding Corporation during the second quarter valued at about $138,000. Ameriprise Financial Inc. bought a new position in shares of Ryerson Holding Corporation during the second quarter valued at about $138,000. Rhumbline Advisers raised its stake in shares of Ryerson Holding Corporation by 26.0% during the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 3,740 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Ryerson Holding Corporation during the first quarter valued at about $192,000. 40.28% of the stock is owned by institutional investors and hedge funds.
Ryerson Holding Corporation Company Profile
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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