Ryerson Holding Co. (NYSE:RYI) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,600 shares of the basic materials company's stock after buying an additional 18,748 shares during the period. Millennium Management LLC owned about 0.18% of Ryerson worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in Ryerson by 85.8% in 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 purchasing an additional 1,075,963 shares during the last quarter. Victory Capital Management Inc. raised its stake in 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 valued at $22,502,000 after purchasing an additional 65,181 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $18,771,000 after purchasing an additional 166,596 shares during the last quarter. American Century Companies Inc. raised its stake in Ryerson by 7.9% in 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 purchasing an additional 68,022 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Ryerson by 2.0% in the 4th quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company's stock valued at $15,831,000 after purchasing an additional 17,075 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ryerson Trading Up 2.4%

Shares of RYI traded up $0.52 during mid-day trading on Friday, reaching $21.95. The stock had a trading volume of 244,026 shares, compared to its average volume of 283,452. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $27.41. The firm has a market cap of $706.64 million, a price-to-earnings ratio of -84.42 and a beta of 1.55. The business's fifty day moving average is $21.75 and its 200 day moving average is $22.12. 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 (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 analysts' consensus estimates of ($0.23) by $0.05. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, sell-side analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio (DPR) is presently -340.91%.

Wall Street Analyst Weigh In

RYI has been the subject of several recent research reports. Wall Street Zen downgraded Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. BMO Capital Markets increased their price objective on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.

About Ryerson

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.