Dimensional Fund Advisors LP grew its holdings in Ryerson Holding Corp (NYSE:RYI) by 11.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 872,310 shares of the basic materials company’s stock after buying an additional 89,892 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ryerson were worth $9,462,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in shares of Ryerson by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 132,600 shares of the basic materials company’s stock valued at $1,313,000 after buying an additional 1,100 shares during the period. Wells Fargo & Company MN raised its holdings in Ryerson by 5.8% during the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 1,109 shares during the last quarter. California State Teachers Retirement System raised its holdings in Ryerson by 11.9% during the second quarter. California State Teachers Retirement System now owns 28,312 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Ryerson by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 77,526 shares of the basic materials company’s stock worth $768,000 after purchasing an additional 3,281 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Ryerson by 26.0% during the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock worth $180,000 after purchasing an additional 3,740 shares during the last quarter. 39.25% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Ryerson to $10.00 and set a “market perform” rating for the company in a report on Monday, November 13th. Jefferies Group reaffirmed a “hold” rating and set a $9.75 price objective on shares of Ryerson in a report on Friday, November 10th. TheStreet raised Ryerson from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research cut Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.50.
Ryerson Holding Corp (NYSE RYI) opened at $10.50 on Wednesday. The stock has a market capitalization of $390.36, a price-to-earnings ratio of 45.65 and a beta of 2.07. Ryerson Holding Corp has a 1-year low of $7.65 and a 1-year high of $14.65. 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 (NYSE:RYI) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Ryerson had a negative return on equity of 33.95% and a net margin of 0.26%. The firm had revenue of $864.20 million during the quarter, compared to analysts’ expectations of $853.35 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Ryerson’s revenue was up 17.6% on a year-over-year basis. analysts predict that Ryerson Holding Corp will post 0.54 EPS for the current year.
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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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