Teachers Advisors LLC raised its stake in Ryerson Holding Corporation (NYSE:RYI) by 19.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,987 shares of the basic materials company’s stock after purchasing an additional 5,438 shares during the quarter. Teachers Advisors LLC owned 0.09% of Ryerson Holding Corporation worth $327,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in Ryerson Holding Corporation by 5.8% in the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 1,109 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Ryerson Holding Corporation by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 74,245 shares of the basic materials company’s stock valued at $936,000 after purchasing an additional 2,404 shares during the last quarter. Strs Ohio lifted its position in Ryerson Holding Corporation by 6.1% in the second quarter. Strs Ohio now owns 57,300 shares of the basic materials company’s stock valued at $567,000 after purchasing an additional 3,300 shares during the last quarter. Rhumbline Advisers lifted its position in Ryerson Holding Corporation by 26.0% in the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 3,740 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its position in Ryerson Holding Corporation by 12.5% in the second quarter. First Heartland Consultants Inc. now owns 96,200 shares of the basic materials company’s stock valued at $952,000 after purchasing an additional 10,700 shares during the last quarter. Hedge funds and other institutional investors own 40.28% of the company’s stock.

Several brokerages have weighed in on RYI. Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and issued a $13.50 price objective on shares of Ryerson Holding Corporation in a research report on Tuesday, September 19th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. BMO Capital Markets lowered their price objective on Ryerson Holding Corporation to $10.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $9.75 price objective on shares of Ryerson Holding Corporation in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.81.

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Ryerson Holding Corporation (RYI) opened at $8.60 on Friday. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49. Ryerson Holding Corporation has a 12 month low of $7.65 and a 12 month high of $16.85. The stock has a market capitalization of $318.13, a P/E ratio of 30.54 and a beta of 2.08.

Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. The firm had revenue of $864.20 million for the quarter, compared to analysts’ expectations of $853.35 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. sell-side analysts anticipate that Ryerson Holding Corporation will post 0.63 EPS for the current fiscal year.

Ryerson Holding Corporation 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.

Institutional Ownership by Quarter for Ryerson Holding Corporation (NYSE:RYI)

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