Jane Street Group LLC acquired a new stake in Ryerson Holding Co. (NYSE:RYI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,750 shares of the basic materials company's stock, valued at approximately $1,254,000. Jane Street Group LLC owned approximately 0.21% of Ryerson at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson in the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC raised its stake in Ryerson by 488.2% in the fourth 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 in the last quarter. US Bancorp DE lifted its holdings in Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock worth $208,000 after buying an additional 6,762 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Ryerson by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock worth $305,000 after buying an additional 1,734 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Ryerson by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock valued at $311,000 after acquiring an additional 2,749 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.
Ryerson Stock Down 1.1%
NYSE RYI traded down $0.24 on Monday, hitting $20.84. The stock had a trading volume of 180,690 shares, compared to its average volume of 288,919. The business's fifty day moving average price is $22.08 and its 200 day moving average price is $22.32. The stock has a market cap of $671.06 million, a price-to-earnings ratio of -80.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $27.41.
Ryerson (NYSE:RYI - Get Free Report) last announced its 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 return on equity of 0.70% and a negative net margin of 0.19%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Equities research analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.
Ryerson Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.60%. Ryerson's dividend payout ratio (DPR) is currently -340.91%.
Insider Activity at Ryerson
In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.95% of the stock is currently owned by insiders.
Analysts Set New Price Targets
RYI has been the subject of several recent research 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 lifted their target price on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.
Check Out Our Latest Report on Ryerson
About Ryerson
(
Free Report)
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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