Tudor Investment Corp ET AL cut its stake in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,081 shares of the basic materials company's stock after selling 13,886 shares during the period. Tudor Investment Corp ET AL owned 0.06% of Ryerson worth $372,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Ryerson by 167.0% during the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock worth $1,101,000 after acquiring an additional 34,604 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Ryerson in the fourth quarter valued at about $339,000. Victory Capital Management Inc. lifted its stake in shares of Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after buying an additional 65,181 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Ryerson during the 4th quarter worth about $329,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Ryerson by 19.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock valued at $18,771,000 after buying an additional 166,596 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. 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 research report on Monday, February 24th. StockNews.com downgraded Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.
Read Our Latest Research Report on Ryerson
Insider Buying and Selling at Ryerson
In other news, CFO James J. Claussen sold 6,017 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 58,773 shares of the company's stock, valued at approximately $1,486,956.90. This represents a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward J. Lehner sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 approximately $14,706,122.12. The trade was a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.95% of the company's stock.
Ryerson Stock Performance
Ryerson stock traded down $0.45 during midday trading on Thursday, hitting $21.31. The company's stock had a trading volume of 31,383 shares, compared to its average volume of 297,863. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The company has a market cap of $686.10 million, a price-to-earnings ratio of -81.96 and a beta of 1.64. Ryerson Holding Co. has a 1-year low of $17.18 and a 1-year high of $27.41. The company has a 50-day moving average price of $22.40 and a two-hundred day moving average price of $22.43.
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 during the quarter, compared to the consensus estimate of $1.16 billion. As a group, sell-side analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current year.
Ryerson Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.52%. Ryerson's dividend payout ratio (DPR) is -340.91%.
Ryerson Company Profile
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Free Report)
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.
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