Van ECK Associates Corp lessened its holdings in shares of Ryerson Holding Corp (NYSE:RYI) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,348 shares of the basic materials company’s stock after selling 9,766 shares during the quarter. Van ECK Associates Corp owned 0.16% of Ryerson worth $633,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RYI. First Trust Advisors LP bought a new stake in Ryerson during the 3rd quarter valued at $134,000. Ameriprise Financial Inc. bought a new stake in Ryerson during the 2nd quarter valued at $138,000. Rhumbline Advisers increased its stake in Ryerson by 26.0% during the 2nd 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 in the last quarter. Wells Fargo & Company MN increased its stake in Ryerson by 5.8% during the 2nd 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 in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Ryerson by 140.0% during the 2nd quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 14,000 shares in the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.

Ryerson Holding Corp (RYI) traded down $0.20 during midday trading on Friday, hitting $9.00. 156,948 shares of the stock traded hands, compared to its average volume of 275,001. Ryerson Holding Corp has a 12-month low of $7.65 and a 12-month high of $16.85. The company has a debt-to-equity ratio of -70.93, a quick ratio of 1.08 and a current ratio of 2.49. The company has a market cap of $334.88, a price-to-earnings ratio of 32.14 and a beta of 2.07.

Ryerson (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, hitting the Thomson Reuters’ consensus estimate of $0.05. Ryerson had a net margin of 0.26% and a negative return on equity of 33.95%. The firm had revenue of $864.20 million during the quarter, compared to analyst estimates of $853.35 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. equities analysts forecast that Ryerson Holding Corp will post 0.55 EPS for the current fiscal year.

RYI has been the subject of a number of recent research reports. TheStreet upgraded shares of Ryerson from a “d” rating to a “c” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Ryerson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Ryerson in a research note on Friday, October 20th. Jefferies Group reiterated a “hold” rating and issued a $9.75 target price on shares of Ryerson in a research note on Friday, November 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $13.50 target price on shares of Ryerson in a research note on Tuesday, September 19th. One research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $12.81.

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Ryerson 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 (NYSE:RYI)

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