Ryerson Holding Corp (NYSE:RYI) CFO Erich S. Schnaufer acquired 2,500 shares of the company’s stock in a transaction on Monday, November 19th. The shares were bought at an average cost of $8.60 per share, with a total value of $21,500.00. Following the acquisition, the chief financial officer now directly owns 34,522 shares in the company, valued at $296,889.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:RYI traded down $0.49 during trading on Tuesday, reaching $8.11. The company’s stock had a trading volume of 122,600 shares, compared to its average volume of 222,497. The company has a current ratio of 2.45, a quick ratio of 1.06 and a debt-to-equity ratio of 12.03. Ryerson Holding Corp has a 12 month low of $7.85 and a 12 month high of $12.95. The company has a market cap of $332.13 million, a price-to-earnings ratio of 21.92 and a beta of 1.93.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.07). Ryerson had a net margin of 2.60% and a return on equity of 101.73%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business posted $0.05 EPS. The firm’s revenue was up 44.6% on a year-over-year basis. As a group, equities analysts forecast that Ryerson Holding Corp will post 1.25 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its holdings in shares of Ryerson by 3.9% in the 2nd quarter. GSA Capital Partners LLP now owns 130,327 shares of the basic materials company’s stock valued at $1,453,000 after acquiring an additional 4,939 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Ryerson by 4.0% in the 1st quarter. Northern Trust Corp now owns 171,654 shares of the basic materials company’s stock valued at $1,399,000 after acquiring an additional 6,529 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryerson by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 50,140 shares of the basic materials company’s stock valued at $559,000 after acquiring an additional 6,867 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Ryerson by 19.5% in the 3rd quarter. Teachers Advisors LLC now owns 43,955 shares of the basic materials company’s stock valued at $497,000 after acquiring an additional 7,184 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Ryerson by 59.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 7,850 shares during the last quarter. 38.21% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. Deutsche Bank raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, November 5th. ValuEngine raised shares of Ryerson from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.42.

WARNING: This news story was first reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/11/20/ryerson-holding-corp-ryi-cfo-erich-s-schnaufer-purchases-2500-shares.html.

Ryerson Company Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.

Featured Article: Insider Trading – What You Need to Know

Receive News & Ratings for Ryerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson and related companies with MarketBeat.com's FREE daily email newsletter.