MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Ryerson Holding Co. (NYSE:RYI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ryerson Holding Co. (NYSE:RYI) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 704,448 shares of the basic materials company’s stock after purchasing an additional 49,905 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.21% of Ryerson worth $13,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new stake in Ryerson during the 4th quarter worth approximately $54,000. Tower Research Capital LLC TRC increased its position in shares of Ryerson by 488.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 3,061 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Ryerson in the fourth quarter valued at $196,000. US Bancorp DE boosted its holdings in Ryerson by 150.8% in the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 6,762 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Ryerson by 11.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 1,734 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Price Performance

Shares of RYI opened at $21.39 on Friday. The firm has a market capitalization of $688.67 million, a price-to-earnings ratio of -82.27 and a beta of 1.64. The firm’s fifty day simple moving average is $22.37 and its 200-day simple moving average is $22.42. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $27.41. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Equities analysts forecast that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 annualized dividend and a yield of 3.51%. Ryerson’s dividend payout ratio is currently -340.91%.

Analyst Upgrades and Downgrades

RYI has been the topic of several recent research reports. BMO Capital Markets upped their price target on Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, February 24th. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.

Insiders Place Their Bets

In other news, CEO Edward J. Lehner sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now directly owns 593,228 shares of the company’s stock, valued at approximately $14,706,122.12. The trade was a 1.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James J. Claussen sold 6,017 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now directly owns 58,773 shares of the company’s stock, valued at approximately $1,486,956.90. This trade represents a 9.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is owned by corporate insiders.

Ryerson Profile

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.