Allianz Asset Management GmbH Grows Position in Ryerson Holding Corporation $RYI

Allianz Asset Management GmbH lifted its holdings in Ryerson Holding Corporation (NYSE:RYI) by 32.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,964 shares of the basic materials company’s stock after buying an additional 76,565 shares during the period. Allianz Asset Management GmbH owned approximately 0.96% of Ryerson worth $7,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Ryerson in the 3rd quarter worth approximately $30,000. CWM LLC increased its holdings in shares of Ryerson by 97.7% in the second quarter. CWM LLC now owns 1,866 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 922 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Ryerson during the third quarter worth approximately $56,000. AlphaQuest LLC boosted its stake in Ryerson by 259,800.0% during the third quarter. AlphaQuest LLC now owns 2,599 shares of the basic materials company’s stock worth $59,000 after buying an additional 2,598 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Ryerson by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,936 shares of the basic materials company’s stock valued at $85,000 after buying an additional 2,405 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analyst Ratings Changes

RYI has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a report on Monday, December 29th. Zacks Research raised shares of Ryerson to a “hold” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ryerson currently has an average rating of “Reduce” and an average price target of $25.00.

Insider Buying and Selling

In related news, CFO James J. Claussen sold 4,972 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.00, for a total value of $149,160.00. Following the sale, the chief financial officer owned 74,284 shares in the company, valued at approximately $2,228,520. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward J. Lehner sold 59,001 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $30.06, for a total value of $1,773,570.06. Following the transaction, the chief executive officer directly owned 593,228 shares in the company, valued at approximately $17,832,433.68. The trade was a 9.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,973 shares of company stock worth $1,952,740. 3.95% of the stock is owned by corporate insiders.

Ryerson Stock Down 2.8%

Shares of RYI opened at $29.11 on Tuesday. The company’s 50-day moving average price is $26.86 and its 200 day moving average price is $23.83. Ryerson Holding Corporation has a 12-month low of $19.02 and a 12-month high of $30.90. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market cap of $937.63 million, a P/E ratio of -41.00 and a beta of 1.58.

Ryerson Profile

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.