Frontier Capital Management Co. LLC Makes New Investment in Ryerson Holding Co. (NYSE:RYI)

Frontier Capital Management Co. LLC bought a new position in Ryerson Holding Co. (NYSE:RYI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 337,942 shares of the basic materials company's stock, valued at approximately $6,255,000. Frontier Capital Management Co. LLC owned 1.06% of Ryerson at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position 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 worth $305,000 after purchasing an additional 1,734 shares in the last quarter. Barclays PLC grew its holdings in shares of Ryerson by 3.5% during the fourth quarter. Barclays PLC now owns 57,280 shares of the basic materials company's stock valued at $1,061,000 after buying an additional 1,950 shares in the last quarter. Mutual Advisors LLC raised its position in Ryerson by 5.0% during the fourth quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company's stock valued at $830,000 after buying an additional 2,140 shares during the period. Hantz Financial Services Inc. lifted its stake in Ryerson by 9.4% in the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company's stock worth $557,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Ryerson by 19.5% during 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 period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryerson

In related news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the completion of the sale, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James J. Claussen sold 6,017 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This trade represents a 9.29% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.95% of the company's stock.

Ryerson Stock Down 2.3%

RYI traded down $0.51 during trading on Thursday, reaching $21.25. 52,316 shares of the stock traded hands, compared to its average volume of 297,951. The stock's 50-day simple moving average is $22.40 and its two-hundred day simple moving average is $22.43. 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 Holding Co. has a fifty-two week low of $17.18 and a fifty-two week high of $27.41. The stock has a market cap of $684.17 million, a price-to-earnings ratio of -81.73 and a beta of 1.64.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.05. The business had revenue of $1.14 billion during 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, equities research analysts expect that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Announces Dividend

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 given a dividend of $0.1875 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.53%. Ryerson's payout ratio is currently -340.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RYI shares. BMO Capital Markets upped their target price on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th. StockNews.com lowered shares of Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

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.