Two Sigma Advisers LP Sells 36,900 Shares of Ryerson Holding Co. (NYSE:RYI)

Two Sigma Advisers LP decreased its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,500 shares of the basic materials company's stock after selling 36,900 shares during the period. Two Sigma Advisers LP owned 0.05% of Ryerson worth $305,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RYI. Newbridge Financial Services Group Inc. acquired a new stake in Ryerson in the fourth quarter valued at approximately $54,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ryerson by 488.2% in the 4th 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 in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Ryerson in the 4th quarter worth $196,000. US Bancorp DE grew its position in Ryerson by 150.8% in the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 6,762 shares during the period. Finally, 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. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Stock Up 0.6%

NYSE:RYI traded up $0.14 during trading hours on Monday, hitting $22.03. 169,285 shares of the company traded hands, compared to its average volume of 282,995. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $709.28 million, a PE ratio of -84.73 and a beta of 1.55. The firm's 50-day simple moving average is $21.75 and its 200-day simple moving average is $22.12. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, beating 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 analyst estimates of $1.16 billion. Equities analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio is presently -340.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RYI. Wall Street Zen cut shares of Ryerson from a "buy" rating to a "hold" rating in a report on Friday, May 9th. BMO Capital Markets boosted their price objective on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, February 24th.

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.