Shares of Ryerson Holding Corporation (NYSE:RYI) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.33.

RYI has been the topic of a number of recent analyst reports. TheStreet raised Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine downgraded Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

In other Ryerson Holding Corporation news, CEO Edward J. Lehner bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $8.76 per share, for a total transaction of $43,800.00. Following the transaction, the chief executive officer now owns 115,470 shares of the company’s stock, valued at approximately $1,011,517.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Burbach bought 4,800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $8.50 per share, with a total value of $40,800.00. Following the transaction, the insider now directly owns 57,800 shares in the company, valued at approximately $491,300. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 28,330 shares of company stock worth $235,329. Company insiders own 0.76% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its stake in Ryerson Holding Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 36,102 shares of the basic materials company’s stock worth $455,000 after buying an additional 430 shares in the last quarter. Nordea Investment Management AB boosted its stake in Ryerson Holding Corporation by 0.8% in the second quarter. Nordea Investment Management AB now owns 132,600 shares of the basic materials company’s stock worth $1,313,000 after buying an additional 1,100 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Ryerson Holding Corporation by 5.8% in the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock worth $202,000 after buying an additional 1,109 shares in the last quarter. Capital Fund Management S.A. boosted its stake 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 in the last quarter. Institutional investors own 39.74% of the company’s stock.

Ryerson Holding Corporation (NYSE RYI) traded up 1.27% during midday trading on Friday, reaching $7.95. The company’s stock had a trading volume of 228,654 shares. The stock’s 50 day moving average is $8.79 and its 200 day moving average is $10.30. Ryerson Holding Corporation has a 12-month low of $7.75 and a 12-month high of $16.85. The stock has a market cap of $295.55 million, a P/E ratio of 19.73 and a beta of 2.11.

Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The company had revenue of $875.40 million for the quarter, compared to the consensus estimate of $875.13 million. During the same quarter last year, the business earned $0.17 earnings per share. Ryerson Holding Corporation’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts anticipate that Ryerson Holding Corporation will post $1.04 earnings per share for the current year.

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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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