Towle & Co. boosted its holdings in shares of Ryerson Holding Corp (NYSE:RYI) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,209,425 shares of the basic materials company’s stock after buying an additional 20,912 shares during the quarter. Ryerson accounts for 2.3% of Towle & Co.’s investment portfolio, making the stock its 22nd largest position. Towle & Co. owned approximately 5.92% of Ryerson worth $24,967,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Ryerson during the 1st quarter worth approximately $112,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ryerson during the 1st quarter worth approximately $142,000. Martingale Asset Management L P acquired a new stake in Ryerson during the 2nd quarter worth approximately $151,000. Cubist Systematic Strategies LLC acquired a new stake in Ryerson during the 1st quarter worth approximately $152,000. Finally, Engineers Gate Manager LP acquired a new stake in Ryerson during the 2nd quarter worth approximately $271,000. Institutional investors own 37.44% of the company’s stock.
Shares of NYSE:RYI opened at $8.59 on Friday. Ryerson Holding Corp has a 52 week low of $7.85 and a 52 week high of $12.95. The company has a current ratio of 2.17, a quick ratio of 0.99 and a debt-to-equity ratio of 48.25. The company has a market capitalization of $342.38 million, a price-to-earnings ratio of 13.11 and a beta of 1.93.
Ryerson (NYSE:RYI) last announced its quarterly earnings data 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 0.81% and a return on equity of 2,278.26%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. On average, research analysts forecast that Ryerson Holding Corp will post 1.43 earnings per share for the current year.
A number of equities research analysts have commented on RYI shares. ValuEngine raised shares of Ryerson from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research raised shares of Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, August 16th. Finally, Deutsche Bank downgraded shares of Ryerson from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Monday, July 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.06.
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.
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