Tudor Investment Corp ET AL Decreases Holdings in Ryerson Holding Co. (NYSE:RYI)

Tudor Investment Corp ET AL cut its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,081 shares of the basic materials company's stock after selling 13,886 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of Ryerson worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RYI. Newbridge Financial Services Group Inc. purchased a new stake in Ryerson during the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC grew its stake in Ryerson by 488.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 3,061 shares during the last quarter. US Bancorp DE grew its stake in Ryerson by 150.8% during 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 last quarter. Price T Rowe Associates Inc. MD grew 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 during the last quarter. Finally, Wells Fargo & Company MN grew its stake 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 valued at $311,000 after purchasing an additional 2,749 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Ryerson from a "buy" rating to a "hold" rating in a report on Friday. BMO Capital Markets boosted their price objective on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Monday, February 24th.

Ryerson Price Performance

Shares of RYI stock traded up $1.09 during trading hours on Monday, reaching $21.90. The company had a trading volume of 187,584 shares, compared to its average volume of 300,639. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The stock has a fifty day moving average of $22.55 and a 200-day moving average of $22.43. The company has a market capitalization of $705.09 million, a price-to-earnings ratio of -84.23 and a beta of 1.64. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.05. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. On average, equities analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 annualized dividend and a yield of 3.42%. Ryerson's payout ratio is -340.91%.

Insider Buying and Selling

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the company's 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 transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the transaction, the chief financial officer now owns 58,773 shares in the company, valued at $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 currently owned by company insiders.

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.