Ryerson Holding Corporation (RYI) Stake Decreased by Paradigm Asset Management Co. LLC
Paradigm Asset Management Co. LLC cut its stake in Ryerson Holding Corporation (NYSE:RYI) by 51.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,300 shares of the basic materials company’s stock after selling 10,700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Ryerson Holding Corporation were worth $102,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. State Street Corp increased its position in Ryerson Holding Corporation by 23.3% in the fourth quarter. State Street Corp now owns 222,489 shares of the basic materials company’s stock worth $2,970,000 after buying an additional 42,079 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Ryerson Holding Corporation during the first quarter worth about $2,210,000. First Quadrant L P CA increased its position in Ryerson Holding Corporation by 63.2% in the first quarter. First Quadrant L P CA now owns 40,800 shares of the basic materials company’s stock worth $514,000 after buying an additional 15,800 shares during the last quarter. Strs Ohio increased its position in Ryerson Holding Corporation by 29.8% in the first quarter. Strs Ohio now owns 54,000 shares of the basic materials company’s stock worth $680,000 after buying an additional 12,400 shares during the last quarter. Finally, Bowling Portfolio Management LLC increased its position in Ryerson Holding Corporation by 16.1% in the first quarter. Bowling Portfolio Management LLC now owns 35,010 shares of the basic materials company’s stock worth $441,000 after buying an additional 4,860 shares during the last quarter. Institutional investors own 40.90% of the company’s stock.
Ryerson Holding Corporation (NYSE:RYI) opened at 8.60 on Thursday. The company has a market capitalization of $319.71 million, a P/E ratio of 21.34 and a beta of 2.11. Ryerson Holding Corporation has a 1-year low of $7.65 and a 1-year high of $16.85. The firm has a 50-day moving average price of $8.58 and a 200-day moving average price of $10.21.
Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.05. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The company had revenue of $875.40 million during the quarter, compared to the consensus estimate of $875.13 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts forecast that Ryerson Holding Corporation will post $1.04 EPS for the current fiscal year.
A number of research analysts recently issued reports on RYI shares. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine downgraded Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.60.
In other Ryerson Holding Corporation news, insider Michael Burbach acquired 4,800 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $8.50 per share, with a total value of $40,800.00. Following the transaction, the insider now directly owns 57,800 shares in the company, valued at approximately $491,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 16,480 shares of company stock valued at $135,248. 0.76% of the stock is currently owned by 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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