Grace & White Inc. NY Increases Stock Position in Ryerson Holding Corporation (NYSE:RYI)

Grace & White Inc. NY increased its position in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 45.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,367 shares of the basic materials company's stock after purchasing an additional 26,867 shares during the quarter. Grace & White Inc. NY owned 0.27% of Ryerson worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Ryerson by 85.8% during the 4th quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock valued at $43,125,000 after acquiring an additional 1,075,963 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in Ryerson during the 4th quarter valued at $6,255,000. Charles Schwab Investment Management Inc. boosted its stake in Ryerson by 19.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock valued at $18,771,000 after acquiring an additional 166,596 shares during the last quarter. American Century Companies Inc. boosted its stake in Ryerson by 7.9% during the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock valued at $17,222,000 after acquiring an additional 68,022 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Ryerson during the 4th quarter valued at $1,254,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ryerson Stock Down 6.4%

Shares of NYSE:RYI opened at $19.24 on Monday. The stock has a market capitalization of $619.43 million, a price-to-earnings ratio of -87.44 and a beta of 1.56. Ryerson Holding Corporation has a 1-year low of $17.18 and a 1-year high of $27.41. The company's fifty day moving average is $21.56 and its two-hundred day moving average is $21.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.00.

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

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.90%. Ryerson's dividend payout ratio (DPR) is presently -340.91%.

Analyst Upgrades and Downgrades

RYI has been the topic of a number of research analyst reports. 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 research note on Monday, February 24th. Wall Street Zen downgraded shares of Ryerson from a "buy" rating to a "hold" rating in a research note 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.

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