Insider Buying: Ryerson Holding Corporation (RYI) CEO Purchases 2,000 Shares of Stock
Ryerson Holding Corporation (NYSE:RYI) CEO Edward J. Lehner acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $7.95 per share, for a total transaction of $15,900.00. Following the purchase, the chief executive officer now owns 123,470 shares of the company’s stock, valued at $981,586.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ryerson Holding Corporation (NYSE RYI) traded down 0.63% during midday trading on Tuesday, reaching $7.95. 328,094 shares of the company traded hands. The firm has a market capitalization of $295.55 million, a price-to-earnings ratio of 19.73 and a beta of 2.11. The firm’s 50 day moving average price is $8.92 and its 200 day moving average price is $10.36. Ryerson Holding Corporation has a 12 month low of $7.80 and a 12 month high of $16.85.
Ryerson Holding Corporation (NYSE:RYI) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $875.40 million for the quarter, compared to the consensus estimate of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. Ryerson Holding Corporation’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. On average, analysts expect that Ryerson Holding Corporation will post $1.09 earnings per share for the current year.
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Several equities research analysts recently weighed in on RYI shares. BMO Capital Markets reiterated a “hold” rating and set a $13.00 price objective on shares of Ryerson Holding Corporation in a research note on Thursday, April 20th. ValuEngine lowered shares of Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 16th. Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Ryerson Holding Corporation currently has an average rating of “Hold” and a consensus price target of $14.60.
Several institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP increased its position in Ryerson Holding Corporation by 292.8% in the first quarter. Trexquant Investment LP now owns 41,998 shares of the basic materials company’s stock worth $529,000 after buying an additional 31,306 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Ryerson Holding Corporation by 31.5% in the first quarter. Parametric Portfolio Associates LLC now owns 187,525 shares of the basic materials company’s stock worth $2,363,000 after buying an additional 44,900 shares during the last quarter. TFS Capital LLC acquired a new position in Ryerson Holding Corporation during the first quarter worth approximately $305,000. Bank of New York Mellon Corp increased its position in Ryerson Holding Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock worth $936,000 after buying an additional 2,404 shares during the last quarter. Finally, Capital Fund Management S.A. increased its position in Ryerson Holding Corporation 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. 39.74% of the stock is owned by institutional investors.
Ryerson Holding Corporation Company Profile
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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