Penn Capital Management Co. Inc. lessened its position in shares of Ryerson Holding Corp (NYSE:RYI) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,173 shares of the basic materials company’s stock after selling 15,678 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Ryerson were worth $2,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Ryerson by 111.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,778 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Ryerson by 15.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,175 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 3,189 shares during the period. Investors Research Corp purchased a new position in shares of Ryerson in the 1st quarter worth approximately $27,000. First Quadrant L P CA boosted its holdings in shares of Ryerson by 10.6% in the 1st quarter. First Quadrant L P CA now owns 34,384 shares of the basic materials company’s stock worth $294,000 after purchasing an additional 3,284 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Ryerson by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 54,248 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 4,224 shares during the period. Institutional investors and hedge funds own 37.16% of the company’s stock.

In other Ryerson news, Director Stephen P. Larson acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of $8.55 per share, for a total transaction of $171,000.00. Following the acquisition, the director now directly owns 40,000 shares in the company, valued at $342,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by insiders.

RYI opened at $10.02 on Tuesday. Ryerson Holding Corp has a 52-week low of $5.99 and a 52-week high of $12.95. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.34 and a quick ratio of 1.01. The firm has a market cap of $378.93 million, a P/E ratio of 9.36 and a beta of 1.94.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, March 5th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.09). Ryerson had a net margin of 2.66% and a return on equity of 76.79%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, research analysts forecast that Ryerson Holding Corp will post 2.31 earnings per share for the current fiscal year.

A number of brokerages have recently commented on RYI. ValuEngine cut Ryerson from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Deutsche Bank cut Ryerson from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Wednesday, April 10th. Finally, Zacks Investment Research upgraded Ryerson from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Wednesday, May 8th.

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Ryerson 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.

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Institutional Ownership by Quarter for Ryerson (NYSE:RYI)

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