Victory Capital Management Inc. Has $1.18 Million Stake in Ryerson Holding Corporation (RYI)
Victory Capital Management Inc. lifted its position in Ryerson Holding Corporation (NYSE:RYI) by 51.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,700 shares of the basic materials company’s stock after acquiring an additional 40,312 shares during the quarter. Victory Capital Management Inc. owned 0.32% of Ryerson Holding Corporation worth $1,175,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Ryerson Holding Corporation by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 912,378 shares of the basic materials company’s stock worth $11,496,000 after acquiring an additional 15,628 shares during the last quarter. Scopus Asset Management L.P. lifted its holdings in Ryerson Holding Corporation by 78.2% during the 1st 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 lifted its holdings in Ryerson Holding Corporation by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock valued at $6,900,000 after buying an additional 52,109 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in Ryerson Holding Corporation by 17.4% during the 2nd quarter. ClariVest Asset Management LLC now owns 254,990 shares of the basic materials company’s stock valued at $2,523,000 after buying an additional 37,823 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Ryerson Holding Corporation by 31.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 187,525 shares of the basic materials company’s stock valued at $2,363,000 after buying an additional 44,900 shares in the last quarter. Hedge funds and other institutional investors own 40.90% of the company’s stock.
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A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $9.25 price objective on shares of Ryerson Holding Corporation in a report on Thursday, September 7th. TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub lowered shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine lowered shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.05.
In other news, insider Michael Burbach bought 4,800 shares of Ryerson Holding Corporation stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $8.50 per share, with a total value of $40,800.00. Following the completion of the acquisition, the insider now directly owns 57,800 shares in the company, valued at $491,300. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 15,950 shares of company stock worth $130,716. 0.76% of the stock is owned by corporate insiders.
Ryerson Holding Corporation (NYSE RYI) opened at 8.62 on Friday. The firm’s 50-day moving average is $8.41 and its 200-day moving average is $9.96. The stock has a market cap of $320.64 million, a P/E ratio of 21.40 and a beta of 2.11. Ryerson Holding Corporation has a 52-week low of $7.65 and a 52-week high of $16.85.
Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly 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 business had revenue of $875.40 million for the quarter, compared to analyst estimates of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. Equities research analysts predict that Ryerson Holding Corporation will post $1.04 earnings per share for the current year.
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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