Two Sigma Advisers LP Has $305,000 Stock Position in Ryerson Holding Co. (NYSE:RYI)

Two Sigma Advisers LP lowered its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 69.1% during the fourth quarter, according to its most recent Form 13F filing with the 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 about 0.05% of Ryerson worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RYI. Millennium Management LLC boosted its position in Ryerson by 48.3% during the fourth quarter. Millennium Management LLC now owns 57,600 shares of the basic materials company's stock worth $1,066,000 after purchasing an additional 18,748 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ryerson by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company's stock valued at $13,039,000 after acquiring an additional 49,905 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Ryerson by 12.9% in 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 acquiring an additional 62,092 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in shares of Ryerson in the fourth quarter valued at $6,255,000. Finally, Deutsche Bank AG lifted its position in shares of Ryerson by 74.3% in the fourth quarter. Deutsche Bank AG now owns 29,090 shares of the basic materials company's stock valued at $538,000 after acquiring an additional 12,403 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Stock Performance

RYI traded up $0.52 during trading hours on Friday, hitting $21.95. The company's stock had a trading volume of 244,026 shares, compared to its average volume of 283,141. Ryerson Holding Co. has a fifty-two week low of $17.18 and a fifty-two week high of $27.41. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $706.64 million, a PE ratio of -84.42 and a beta of 1.55. The company has a 50-day simple moving average of $21.75 and a 200 day simple moving average of $22.15.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.05. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. As a group, sell-side analysts expect that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The business 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 dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 5th. Ryerson's dividend payout ratio (DPR) is currently -340.91%.

Analysts Set New Price Targets

RYI has been the topic of several recent analyst reports. Wall Street Zen downgraded Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. BMO Capital Markets upped their price target on Ryerson from $23.00 to $25.00 and gave the stock 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.