Ryerson Holding Co. (NYSE:RYI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in shares of Ryerson Holding Co. (NYSE:RYIFree Report) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,278 shares of the basic materials company’s stock after selling 2,886 shares during the period. Massachusetts Financial Services Co. MA owned about 0.22% of Ryerson worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RYI. Arizona State Retirement System purchased a new stake in shares of Ryerson during the second quarter worth approximately $281,000. Bank of New York Mellon Corp boosted its holdings in shares of Ryerson by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 330,072 shares of the basic materials company’s stock valued at $14,319,000 after acquiring an additional 3,539 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ryerson by 2,203.8% during the third quarter. Assenagon Asset Management S.A. now owns 261,647 shares of the basic materials company’s stock worth $7,611,000 after acquiring an additional 250,290 shares during the period. Exchange Traded Concepts LLC raised its holdings in Ryerson by 30.9% during the third quarter. Exchange Traded Concepts LLC now owns 12,677 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 2,996 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Ryerson in the second quarter valued at about $3,048,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Performance

NYSE RYI opened at $34.62 on Tuesday. The business has a 50 day moving average price of $33.21 and a 200 day moving average price of $30.88. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.14 and a quick ratio of 1.04. The company has a market capitalization of $1.18 billion, a P/E ratio of 12.92 and a beta of 1.71. Ryerson Holding Co. has a 1-year low of $26.15 and a 1-year high of $44.70.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RYI shares. StockNews.com raised Ryerson from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets reduced their price objective on shares of Ryerson from $35.00 to $33.00 and set a “market perform” rating for the company in a research note on Wednesday, November 1st.

Check Out Our Latest Stock Analysis on Ryerson

Insider Activity at Ryerson

In other Ryerson news, CEO Edward J. Lehner sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $30.92, for a total transaction of $154,600.00. Following the completion of the transaction, the chief executive officer now directly owns 545,713 shares in the company, valued at approximately $16,873,445.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Edward J. Lehner sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $30.92, for a total value of $154,600.00. Following the sale, the chief executive officer now owns 545,713 shares of the company’s stock, valued at approximately $16,873,445.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alagu Sundarrajan sold 6,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.65, for a total value of $189,900.00. Following the transaction, the insider now directly owns 20,484 shares of the company’s stock, valued at approximately $648,318.60. The disclosure for this sale can be found here. 3.56% of the stock is owned by corporate insiders.

Ryerson Profile

(Free Report)

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

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Institutional Ownership by Quarter for Ryerson (NYSE:RYI)

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