GAMMA Investing LLC Raises Stake in Ryerson Holding Corporation (NYSE:RYI)

GAMMA Investing LLC boosted its holdings in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 2,147.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,896 shares of the basic materials company's stock after purchasing an additional 26,655 shares during the period. GAMMA Investing LLC owned approximately 0.09% of Ryerson worth $640,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of Ryerson by 74.3% in the fourth quarter. Deutsche Bank AG now owns 29,090 shares of the basic materials company's stock valued at $538,000 after acquiring an additional 12,403 shares during the period. Bank of America Corp DE grew its stake in shares of Ryerson by 57.4% in the fourth quarter. Bank of America Corp DE now owns 103,918 shares of the basic materials company's stock worth $1,924,000 after purchasing an additional 37,903 shares during the last quarter. Millennium Management LLC increased its holdings in Ryerson by 48.3% during the 4th quarter. Millennium Management LLC now owns 57,600 shares of the basic materials company's stock valued at $1,066,000 after purchasing an additional 18,748 shares during the period. Proficio Capital Partners LLC bought a new position in Ryerson during the 4th quarter valued at approximately $339,000. Finally, Victory Capital Management Inc. raised its position in Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock valued at $22,502,000 after purchasing an additional 65,181 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ryerson Trading Down 3.3%

Shares of RYI traded down $0.67 during trading hours on Friday, reaching $19.89. 42,696 shares of the company traded hands, compared to its average volume of 221,134. Ryerson Holding Corporation has a 12 month low of $17.18 and a 12 month high of $27.41. The company has a quick ratio of 0.99, a current ratio of 2.00 and a debt-to-equity ratio of 0.61. The company's fifty day moving average price is $21.61 and its two-hundred day moving average price is $21.89. The company has a market capitalization of $640.49 million, a price-to-earnings ratio of -90.55 and a beta of 1.55.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Ryerson had a negative net margin of 0.15% and a negative return on equity of 0.65%. Equities research analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.77%. Ryerson's dividend payout ratio is presently -340.91%.

Analyst Ratings Changes

RYI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets raised their price target on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th.

Ryerson 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.