Ryerson Holding Corporation (RYI) Insider Kevin D. Richardson Purchases 2,000 Shares of Stock
Ryerson Holding Corporation (NYSE:RYI) insider Kevin D. Richardson bought 2,000 shares of Ryerson Holding Corporation stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $7.95 per share, with a total value of $15,900.00. Following the purchase, the insider now directly owns 70,950 shares of the company’s stock, valued at $564,052.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Ryerson Holding Corporation (NYSE RYI) traded up 1.27% during trading on Friday, hitting $7.95. 228,654 shares of the stock were exchanged. The company has a 50-day moving average price of $8.79 and a 200 day moving average price of $10.30. Ryerson Holding Corporation has a 1-year low of $7.75 and a 1-year high of $16.85. The firm has a market capitalization of $295.55 million, a price-to-earnings ratio of 19.73 and a beta of 2.11.
Ryerson Holding Corporation (NYSE:RYI) last released its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. Equities analysts predict that Ryerson Holding Corporation will post $1.04 earnings per share for the current fiscal year.
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RYI has been the subject of several recent research reports. TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, ValuEngine downgraded shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.60.
A number of large investors have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans purchased a new stake in Ryerson Holding Corporation during the second quarter valued at about $2,754,000. Scopus Asset Management L.P. raised its stake in Ryerson Holding Corporation by 78.2% in the first quarter. Scopus Asset Management L.P. now owns 574,549 shares of the basic materials company’s stock valued at $7,239,000 after buying an additional 252,089 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ryerson Holding Corporation by 42.9% in the second quarter. Dimensional Fund Advisors LP now owns 782,418 shares of the basic materials company’s stock valued at $7,745,000 after buying an additional 234,747 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Ryerson Holding Corporation during the first quarter valued at about $2,210,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Ryerson Holding Corporation during the second quarter valued at about $1,648,000. 39.74% of the stock is owned by institutional investors.
About Ryerson Holding Corporation
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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