TheStreet upgraded shares of Ryerson Holding Corporation (NYSE:RYI) from a d rating to a c rating in a report issued on Monday morning.

RYI has been the subject of a number of other reports. BidaskClub downgraded Ryerson Holding Corporation from a sell rating to a strong sell rating in a report on Friday, July 28th. ValuEngine downgraded Ryerson Holding Corporation from a strong-buy rating to a buy rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded Ryerson Holding Corporation from a hold rating to a sell rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $13.00 price target on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. Two equities research analysts have 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 a consensus target price of $14.33.

Ryerson Holding Corporation (NYSE:RYI) traded down 2.134% during mid-day trading on Monday, hitting $8.025. 42,000 shares of the stock were exchanged. Ryerson Holding Corporation has a 12-month low of $7.80 and a 12-month high of $16.85. The firm has a market cap of $298.34 million, a P/E ratio of 14.305 and a beta of 2.11. The company has a 50 day moving average of $9.05 and a 200 day moving average of $10.48.

Ryerson Holding Corporation (NYSE:RYI) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.05. The business had revenue of $875.40 million during the quarter, compared to analyst estimates of $875.13 million. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that Ryerson Holding Corporation will post $1.06 earnings per share for the current fiscal year.

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In other news, CEO Edward J. Lehner acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $8.76 per share, with a total value of $43,800.00. Following the completion of the acquisition, the chief executive officer now owns 115,470 shares of the company’s stock, valued at $1,011,517.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 16,580 shares of company stock valued at $140,023 over the last three months. Corporate insiders own 0.76% of the company’s stock.

Several large investors have recently bought and sold shares of RYI. Trellus Management Company LLC purchased a new stake in Ryerson Holding Corporation during the second quarter valued at $138,000. Rhumbline Advisers increased its stake 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 buying an additional 3,740 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Ryerson Holding Corporation during the first quarter valued at $192,000. Capital Fund Management S.A. increased its stake in Ryerson Holding Corporation by 16.6% in the first quarter. Capital Fund Management S.A. now owns 16,428 shares of the basic materials company’s stock valued at $207,000 after buying an additional 2,335 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Ryerson Holding Corporation during the first quarter valued at $232,000. 39.66% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Ryerson Holding Corporation (NYSE:RYI)

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