Ryerson Holding Corporation (RYI) Insider Acquires $40,800.00 in Stock

Ryerson Holding Corporation (NYSE:RYI) insider Michael Burbach purchased 4,800 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $8.50 per share, for a total transaction of $40,800.00. Following the acquisition, the insider now owns 57,800 shares in the company, valued at $491,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Michael Burbach also recently made the following trade(s):

  • On Wednesday, May 31st, Michael Burbach purchased 3,000 shares of Ryerson Holding Corporation stock. The stock was bought at an average price of $8.03 per share, for a total transaction of $24,090.00.
  • On Wednesday, May 17th, Michael Burbach purchased 2,200 shares of Ryerson Holding Corporation stock. The stock was bought at an average price of $9.05 per share, for a total transaction of $19,910.00.

Ryerson Holding Corporation (NYSE:RYI) remained flat at $7.85 during trading on Friday. 80,401 shares of the company’s stock traded hands. The stock has a market cap of $291.83 million, a price-to-earnings ratio of 19.48 and a beta of 2.11. The firm’s 50 day moving average is $8.84 and its 200 day moving average is $10.31. Ryerson Holding Corporation has a one year low of $7.76 and a one year high of $16.85.

Ryerson Holding Corporation (NYSE:RYI) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The business had revenue of $875.40 million during the quarter, compared to the consensus estimate of $875.13 million. Ryerson Holding Corporation had a negative return on equity of 53.49% and a net margin of 0.48%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. On average, equities analysts predict that Ryerson Holding Corporation will post $1.09 earnings per share for the current year.

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A number of brokerages have weighed in on RYI. TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a report on Monday, August 7th. BidaskClub lowered shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine lowered shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BMO Capital Markets restated a “hold” rating and set a $13.00 target price on shares of Ryerson Holding Corporation in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.60.

A number of hedge funds have recently bought and sold shares of the company. Trellus Management Company LLC acquired a new stake in Ryerson Holding Corporation during the second quarter valued at approximately $138,000. Ameriprise Financial Inc. acquired a new stake in Ryerson Holding Corporation during the second quarter valued at approximately $138,000. Rhumbline Advisers increased its stake in Ryerson Holding Corporation by 26.0% in the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after buying an additional 3,740 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Ryerson Holding Corporation during the first quarter valued at approximately $192,000. Finally, Wells Fargo & Company MN increased its stake in Ryerson Holding Corporation by 5.8% in the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after buying an additional 1,109 shares in the last quarter. 39.74% of the stock is owned by institutional investors.

Ryerson Holding Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Ryerson Holding Corporation (NYSE:RYI)

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