California Public Employees Retirement System lifted its holdings in shares of Ryerson Holding Corporation (NYSE:RYI) by 101.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,900 shares of the basic materials company’s stock after acquiring an additional 22,100 shares during the quarter. California Public Employees Retirement System owned 0.12% of Ryerson Holding Corporation worth $435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RYI. Dimensional Fund Advisors LP grew its stake in Ryerson Holding Corporation by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 547,671 shares of the basic materials company’s stock worth $6,900,000 after purchasing an additional 52,109 shares in the last quarter. Swiss National Bank acquired a new position in Ryerson Holding Corporation in the second quarter worth about $275,000. Marshall Wace North America L.P. acquired a new position in Ryerson Holding Corporation in the second quarter worth about $1,476,000. First Heartland Consultants Inc. grew its stake 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 worth $952,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Ryerson Holding Corporation by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 143,944 shares of the basic materials company’s stock worth $1,814,000 after purchasing an additional 10,979 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Holding Corporation (NYSE RYI) opened at $9.10 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of -70.93. Ryerson Holding Corporation has a 52 week low of $7.65 and a 52 week high of $16.85. The company has a market capitalization of $338.60, a P/E ratio of 32.50 and a beta of 2.08.

Ryerson Holding Corporation (NYSE:RYI) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting the Zacks’ 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 company had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Ryerson Holding Corporation’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts predict that Ryerson Holding Corporation will post 0.55 EPS for the current year.

A number of research firms recently commented on RYI. TheStreet upgraded Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. BidaskClub downgraded Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. BMO Capital Markets decreased their price target on Ryerson Holding Corporation to $10.00 and set a “market perform” rating for the company in a research note on Monday, November 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $9.75 price target on shares of Ryerson Holding Corporation in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.81.

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Ryerson Holding Corporation Company 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.

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

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