Ryerson Holding Corporation (NYSE:RYI)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a report issued on Thursday. They presently have a $9.25 price target on the basic materials company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 3.35% from the company’s current price.

RYI has been the subject of several other reports. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a research report on Monday, August 7th. BidaskClub lowered Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine lowered Ryerson Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 16th. Finally, Zacks Investment Research lowered Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Two research 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.05.

Ryerson Holding Corporation (RYI) traded up 2.29% during mid-day trading on Thursday, reaching $8.95. The company’s stock had a trading volume of 253,651 shares. The company has a market cap of $332.73 million, a PE ratio of 22.21 and a beta of 2.11. The firm’s 50 day moving average is $8.45 and its 200-day moving average is $10.06. Ryerson Holding Corporation has a 12-month low of $7.65 and a 12-month high of $16.85.

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

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In other news, insider Michael Burbach purchased 4,800 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $40,800.00. Following the completion of the transaction, the insider now directly owns 57,800 shares in the company, valued at approximately $491,300. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have bought 15,950 shares of company stock valued at $130,716. Company insiders own 0.76% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Ryerson Holding Corporation by 1.2% during 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 during the period. Nordea Investment Management AB boosted its position in shares of Ryerson Holding Corporation by 0.8% during 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 during the period. Wells Fargo & Company MN boosted its position in shares of Ryerson Holding Corporation by 5.8% during 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 during the period. Capital Fund Management S.A. boosted its position in shares of Ryerson Holding Corporation by 16.6% during 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 period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ryerson Holding Corporation by 3.3% during 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 period. Institutional investors and hedge funds own 40.90% of the company’s stock.

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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