SG Americas Securities LLC Invests $286,000 in Ryerson Holding Corporation (NYSE:RYI)

SG Americas Securities LLC purchased a new stake in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,466 shares of the basic materials company's stock, valued at approximately $286,000.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 3,061 shares during the period. Brevan Howard Capital Management LP bought a new position in Ryerson during the 4th quarter valued at approximately $196,000. US Bancorp DE increased its holdings in shares of Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after acquiring an additional 6,762 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ryerson by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock valued at $305,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Ryerson by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock worth $311,000 after acquiring an additional 2,749 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Price Performance

Shares of NYSE:RYI opened at $21.18 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.00. The firm has a market cap of $682.12 million, a price-to-earnings ratio of -96.29 and a beta of 1.55. The business has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $21.74. Ryerson Holding Corporation 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 released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.05. The firm had revenue of $1.14 billion during 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%. On average, analysts expect that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.54%. Ryerson's payout ratio is -340.91%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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.

Want to see what other hedge funds are holding RYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryerson Holding Corporation (NYSE:RYI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.