Ryerson Holding Corp. (RYI) CEO Purchases $17,960.00 in Stock
Ryerson Holding Corp. (NYSE:RYI) CEO Edward J. Lehner purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $8.98 per share, with a total value of $17,960.00. Following the completion of the acquisition, the chief executive officer now owns 90,980 shares of the company’s stock, valued at approximately $817,000.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Ryerson Holding Corp. (NYSE:RYI) opened at 11.90 on Monday. The firm has a market capitalization of $441.87 million, a PE ratio of 57.77 and a beta of 2.27. The firm has a 50-day moving average of $10.11 and a 200-day moving average of $12.58. Ryerson Holding Corp. has a 1-year low of $2.53 and a 1-year high of $19.71.
Ryerson Holding Corp. (NYSE:RYI) last released its 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. Ryerson Holding Corp. had a net margin of 0.24% and a negative return on equity of 20.28%. The business had revenue of $735.10 million for the quarter, compared to analyst estimates of $765.42 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Ryerson Holding Corp. will post $1.22 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in Ryerson Holding Corp. during the second quarter worth about $117,000. O Shaughnessy Asset Management LLC acquired a new position in Ryerson Holding Corp. during the second quarter worth about $126,000. BlackRock Group LTD acquired a new position in Ryerson Holding Corp. during the second quarter worth about $167,000. Bank of Montreal Can acquired a new position in Ryerson Holding Corp. during the second quarter worth about $195,000. Finally, Rhumbline Advisers increased its position in Ryerson Holding Corp. by 1.1% in the second quarter. Rhumbline Advisers now owns 13,065 shares of the company’s stock worth $229,000 after buying an additional 140 shares during the last quarter. Institutional investors own 30.46% of the company’s stock.
Several analysts recently commented on the stock. Jefferies Group restated a “hold” rating on shares of Ryerson Holding Corp. in a report on Saturday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Ryerson Holding Corp. from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. BMO Capital Markets raised their price target on shares of Ryerson Holding Corp. from $10.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. Zacks Investment Research cut shares of Ryerson Holding Corp. from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, Deutsche Bank AG upgraded shares of Ryerson Holding Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.60.
Ryerson Holding Corp. Company Profile
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.
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