Ryerson Holding Corp (RYI) Insider Michael Burbach Acquires 2,200 Shares
Ryerson Holding Corp (NYSE:RYI) insider Michael Burbach acquired 2,200 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $9.05 per share, for a total transaction of $19,910.00. Following the completion of the acquisition, the insider now owns 50,000 shares in the company, valued at approximately $452,500. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Ryerson Holding Corp (NYSE:RYI) traded up 3.91% during midday trading on Friday, reaching $9.30. 431,221 shares of the company traded hands. The stock has a market capitalization of $345.74 million, a price-to-earnings ratio of 16.58 and a beta of 2.41. The company’s 50 day moving average is $11.92 and its 200-day moving average is $12.12. Ryerson Holding Corp has a 12 month low of $8.10 and a 12 month high of $19.71.
Ryerson Holding Corp (NYSE:RYI) last announced its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $814.50 million for the quarter, compared to analysts’ expectations of $788.38 million. Ryerson Holding Corp had a net margin of 0.24% and a negative return on equity of 20.28%. Equities research analysts forecast that Ryerson Holding Corp will post $1.49 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in shares of Ryerson Holding Corp during the fourth quarter worth $143,000. Marshall Wace LLP purchased a new position in Ryerson Holding Corp during the fourth quarter worth approximately $160,000. HighTower Advisors LLC purchased a new position in Ryerson Holding Corp during the first quarter worth approximately $192,000. Capital Fund Management S.A. boosted its position in Ryerson Holding Corp by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock worth $207,000 after buying an additional 2,335 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Ryerson Holding Corp during the first quarter worth approximately $232,000. 36.90% of the stock is currently owned by hedge funds and other institutional investors.
RYI has been the topic of several recent analyst reports. ValuEngine lowered shares of Ryerson Holding Corp from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $13.00 price objective on shares of Ryerson Holding Corp in a report on Thursday, April 20th. Finally, Zacks Investment Research raised shares of Ryerson Holding Corp from a “strong sell” rating to a “hold” rating and set a $12.00 target price on the stock in a research note on Tuesday, March 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ryerson Holding Corp currently has a consensus rating of “Hold” and a consensus target price of $14.33.
About Ryerson Holding Corp
Ryerson Holding Corporation is a service center company for carbon and stainless steel, as well as aluminum. The Company operates through metal service centers segment. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.
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