Ryerson Holding Corporation (NYSE:RYI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,125,675 shares of the basic materials company's stock after selling 90,004 shares during the period. Victory Capital Management Inc. owned about 3.53% of Ryerson worth $25,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RYI. Franklin Resources Inc. grew its position in Ryerson by 85.8% during the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock worth $43,125,000 after buying an additional 1,075,963 shares during the period. Frontier Capital Management Co. LLC purchased a new position in shares of Ryerson during the fourth quarter valued at approximately $6,255,000. American Century Companies Inc. lifted its stake in shares of Ryerson by 7.9% during the fourth quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock valued at $17,222,000 after buying an additional 68,022 shares during the period. Jane Street Group LLC purchased a new position in shares of Ryerson during the fourth quarter valued at approximately $1,254,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Ryerson by 12.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 542,433 shares of the basic materials company's stock valued at $10,040,000 after buying an additional 62,092 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Ryerson from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Ryerson Price Performance

NYSE:RYI opened at $23.13 on Tuesday. The stock has a market cap of $744.73 million, a P/E ratio of -105.14 and a beta of 1.54. Ryerson Holding Corporation has a one year low of $17.18 and a one year high of $27.41. The company has a fifty day moving average price of $21.78 and a 200 day moving average price of $22.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.00 and a quick ratio of 0.99.

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 analysts' consensus estimates of ($0.23) by $0.05. Ryerson had a negative net margin of 0.15% and a negative return on equity of 0.65%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Analysts anticipate that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, June 5th. Ryerson's payout ratio is presently -340.91%.

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.

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