Jane Street Group LLC Takes Position in Ryerson Holding Co. (NYSE:RYI)

Jane Street Group LLC acquired a new position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) during the 4th quarter, according to its most recent 13F filing with the 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 about 0.21% of Ryerson as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RYI. Franklin Resources Inc. increased its holdings 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 worth $43,125,000 after purchasing an additional 1,075,963 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryerson by 19.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock worth $18,771,000 after acquiring an additional 166,596 shares in the last quarter. American Century Companies Inc. grew its position in shares of Ryerson by 7.9% in the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock worth $17,222,000 after acquiring an additional 68,022 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Ryerson by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after acquiring an additional 65,181 shares in the last quarter. Finally, Comerica Bank grew its position in shares of Ryerson by 219.5% in the 4th quarter. Comerica Bank now owns 52,438 shares of the basic materials company's stock worth $971,000 after acquiring an additional 36,027 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ryerson Stock Performance

Shares of RYI traded down $0.24 during mid-day trading on Friday, hitting $20.84. The stock had a trading volume of 180,690 shares, compared to its average volume of 289,134. The company has a market cap of $671.06 million, a PE ratio of -80.17 and a beta of 1.64. The company's fifty day simple moving average is $22.16 and its two-hundred day simple moving average is $22.40. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. 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 issued its earnings results 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. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, equities analysts expect 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. Investors of record on Thursday, June 5th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.60%. Ryerson's dividend payout ratio is currently -340.91%.

Insider Activity at Ryerson

In related news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. The trade was a 1.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James J. Claussen sold 6,017 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the transaction, the chief financial officer now owns 58,773 shares of the company's stock, valued at $1,486,956.90. This trade represents a 9.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.95% of the company's stock.

Wall Street Analyst Weigh In

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

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.