Ryerson Holding Co. (NYSE:RYI) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 32.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,794 shares of the basic materials company's stock after selling 11,951 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.08% of Ryerson worth $459,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Ryerson during the fourth quarter worth approximately $54,000. Tower Research Capital LLC TRC raised its stake in shares of Ryerson by 488.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock worth $68,000 after buying an additional 3,061 shares during the period. US Bancorp DE lifted its position in shares of Ryerson by 150.8% during the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after buying an additional 6,762 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock valued at $305,000 after acquiring an additional 1,734 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Ryerson by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock worth $311,000 after acquiring an additional 2,749 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Insider Activity

In other news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James J. Claussen sold 6,017 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the transaction, the chief financial officer now owns 58,773 shares in the company, valued at $1,486,956.90. This represents a 9.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.95% of the company's stock.

Ryerson Price Performance

RYI stock traded down $0.22 during midday trading on Thursday, reaching $21.04. The stock had a trading volume of 6,306 shares, compared to its average volume of 290,641. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $27.41. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $22.26 and its 200 day simple moving average is $22.41. The company has a market cap of $677.40 million, a price-to-earnings ratio of -81.03 and a beta of 1.64.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.05. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, sell-side analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio is currently -340.91%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th. StockNews.com downgraded Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Ryerson Company 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.