Ryerson Holding Corp. (NYSE:RYI) insider Michael Burbach acquired 2,250 shares of Ryerson Holding Corp. stock in a transaction on Tuesday, November 8th. The stock was purchased at an average cost of $8.95 per share, for a total transaction of $20,137.50. Following the purchase, the insider now owns 42,250 shares in the company, valued at $378,137.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael Burbach also recently made the following trade(s):

  • On Friday, August 12th, Michael Burbach acquired 2,800 shares of Ryerson Holding Corp. stock. The stock was purchased at an average cost of $12.90 per share, for a total transaction of $36,120.00.

Ryerson Holding Corp. (NYSE:RYI) opened at 11.90 on Monday. The firm has a 50-day moving average price of $10.11 and a 200 day moving average price of $12.58. Ryerson Holding Corp. has a 12 month low of $2.53 and a 12 month high of $19.71. The company has a market cap of $441.87 million, a P/E ratio of 57.77 and a beta of 2.27.

Ryerson Holding Corp. (NYSE:RYI) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $735.10 million for the quarter, compared to analysts’ expectations of $765.42 million. Ryerson Holding Corp. had a negative return on equity of 20.28% and a net margin of 0.24%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. Equities research analysts predict that Ryerson Holding Corp. will post $1.22 EPS for the current year.

Insider Buying and Selling by Quarter for Ryerson Holding Corp. (NYSE:RYI)

A number of analysts have issued reports on RYI shares. Zacks Investment Research raised Ryerson Holding Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, October 12th. Deutsche Bank AG raised Ryerson Holding Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, November 9th. Jefferies Group reaffirmed a “hold” rating on shares of Ryerson Holding Corp. in a research note on Wednesday, November 9th. BMO Capital Markets boosted their target price on Ryerson Holding Corp. from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. boosted their target price on Ryerson Holding Corp. from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Ryerson Holding Corp. currently has a consensus rating of “Hold” and an average target price of $12.60.

A number of institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new position in shares of Ryerson Holding Corp. during the second quarter worth about $117,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Ryerson Holding Corp. during the second quarter worth about $126,000. BlackRock Inc. increased its position in shares of Ryerson Holding Corp. by 2.1% in the third quarter. BlackRock Inc. now owns 13,388 shares of the company’s stock worth $151,000 after buying an additional 274 shares in the last quarter. Rhumbline Advisers increased its position in shares of Ryerson Holding Corp. by 5.1% in the third quarter. Rhumbline Advisers now owns 13,725 shares of the company’s stock worth $155,000 after buying an additional 660 shares in the last quarter. Finally, USA Financial Portformulas Corp acquired a new position in shares of Ryerson Holding Corp. during the third quarter worth about $155,000. Institutional investors own 30.46% of the company’s stock.

About Ryerson Holding Corp.

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms.

5 Day Chart for NYSE:RYI

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