Edward J. Lehner Acquires 2,500 Shares of Ryerson Holding Corporation (RYI) Stock
Ryerson Holding Corporation (NYSE:RYI) CEO Edward J. Lehner acquired 2,500 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of $8.70 per share, with a total value of $21,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Ryerson Holding Corporation (RYI) traded up $0.10 during mid-day trading on Thursday, hitting $9.10. The stock had a trading volume of 360,200 shares, compared to its average volume of 305,763. The stock has a market cap of $338.31, a P/E ratio of 32.14 and a beta of 2.08. Ryerson Holding Corporation has a fifty-two week low of $7.65 and a fifty-two week high of $16.85. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of -70.93.
Ryerson Holding Corporation (NYSE:RYI) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $864.20 million during the quarter, compared to the consensus estimate of $853.35 million. Ryerson Holding Corporation had a negative return on equity of 33.95% and a net margin of 0.26%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. analysts expect that Ryerson Holding Corporation will post 0.63 earnings per share for the current year.
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A number of research firms have weighed in on RYI. Zacks Investment Research cut Ryerson Holding Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and set a $13.50 price objective on shares of Ryerson Holding Corporation in a research report on Tuesday, September 19th. BidaskClub cut Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. BMO Capital Markets decreased 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, November 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $9.75 price objective on shares of Ryerson Holding Corporation in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.81.
Hedge funds have recently modified their holdings of the company. First Trust Advisors LP purchased a new position in shares of Ryerson Holding Corporation during the 3rd quarter worth approximately $134,000. Trellus Management Company LLC purchased a new position in shares of Ryerson Holding Corporation during the 2nd quarter worth approximately $138,000. Ameriprise Financial Inc. purchased a new position in shares of Ryerson Holding Corporation during the 2nd quarter worth approximately $138,000. Rhumbline Advisers raised its stake in shares of Ryerson Holding Corporation by 26.0% during the 2nd quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock worth $180,000 after buying an additional 3,740 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Ryerson Holding Corporation during the 1st quarter worth approximately $192,000. 40.25% of the stock is owned by institutional investors and hedge funds.
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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