Renaissance Technologies LLC Has $2.19 Million Holdings in Ryerson Holding Co. (NYSE:RYI)

Renaissance Technologies LLC lessened its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 34.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,100 shares of the basic materials company's stock after selling 63,200 shares during the quarter. Renaissance Technologies LLC owned 0.37% of Ryerson worth $2,186,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Ryerson by 167.0% in the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock valued at $1,101,000 after purchasing an additional 34,604 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Ryerson during the fourth quarter valued at about $339,000. Victory Capital Management Inc. boosted its stake in Ryerson by 5.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after acquiring an additional 65,181 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Ryerson in the fourth quarter worth approximately $329,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock worth $18,771,000 after purchasing an additional 166,596 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Insider Buying and Selling

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 593,228 shares in the company, valued at approximately $14,706,122.12. This represents a 1.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James J. Claussen sold 6,017 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the transaction, the chief financial officer now owns 58,773 shares in the company, valued at approximately $1,486,956.90. This trade represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price target on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th.

Ryerson Stock Performance

Shares of Ryerson stock traded down $2.51 during midday trading on Thursday, hitting $20.88. The company had a trading volume of 48,823 shares, compared to its average volume of 310,712. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $27.41. The company has a fifty day simple moving average of $23.13 and a 200 day simple moving average of $22.45. 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 stock has a market cap of $664.89 million, a price-to-earnings ratio of -80.62 and a beta of 1.35.

Ryerson (NYSE:RYI - Get Free Report) last released its earnings results 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. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.16 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. As a group, analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.59%. Ryerson's dividend payout ratio is presently -288.46%.

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.