Ryerson Holding Co. (NYSE:RYI) Stock Holdings Lowered by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in Ryerson Holding Co. (NYSE:RYI - Free Report) by 56.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,417 shares of the basic materials company's stock after selling 49,806 shares during the period. D. E. Shaw & Co. Inc. owned about 0.12% of Ryerson worth $711,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Ryerson in the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ryerson by 488.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock valued at $68,000 after buying an additional 3,061 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Ryerson in the 4th quarter valued at about $196,000. US Bancorp DE boosted its stake in 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 purchasing an additional 6,762 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Ryerson by 11.8% during 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 purchasing an additional 1,734 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction dated 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 directly owns 593,228 shares in the company, 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. 3.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RYI. BMO Capital Markets boosted their target price on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Wall Street Zen lowered shares of Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Ryerson Stock Performance

Ryerson stock traded up $0.85 during midday trading on Tuesday, reaching $21.67. 134,436 shares of the stock traded hands, compared to its average volume of 288,301. 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 firm has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $22.32. The firm has a market cap of $697.82 million, a price-to-earnings ratio of -83.36 and a beta of 1.64. Ryerson Holding Co. has a fifty-two week low of $17.18 and a fifty-two week high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.05. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. On average, equities research analysts forecast that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.46%. Ryerson's dividend payout ratio (DPR) is -340.91%.

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.