Dimensional Fund Advisors LP boosted its holdings in Ryerson Holding Corporation (NYSE:RYI) by 42.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 782,418 shares of the basic materials company’s stock after purchasing an additional 234,747 shares during the quarter. Dimensional Fund Advisors LP owned about 2.10% of Ryerson Holding Corporation worth $7,745,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in RYI. Thrivent Financial For Lutherans acquired a new position in Ryerson Holding Corporation in the 2nd quarter valued at $2,754,000. Municipal Employees Retirement System of Michigan acquired a new position in Ryerson Holding Corporation in the 2nd quarter valued at $1,648,000. Marshall Wace North America L.P. acquired a new position in Ryerson Holding Corporation in the 2nd quarter valued at $1,476,000. Nationwide Fund Advisors increased its stake in Ryerson Holding Corporation by 310.6% in the 2nd quarter. Nationwide Fund Advisors now owns 83,932 shares of the basic materials company’s stock valued at $831,000 after buying an additional 63,490 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Ryerson Holding Corporation by 602.9% in the 2nd quarter. New York State Common Retirement Fund now owns 70,299 shares of the basic materials company’s stock valued at $696,000 after buying an additional 60,298 shares during the period. Hedge funds and other institutional investors own 40.25% of the company’s stock.
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Several equities analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $9.75 price objective on shares of Ryerson Holding Corporation in a research note on Friday, November 10th. KeyCorp reaffirmed a “buy” rating and set a $13.50 price target on shares of Ryerson Holding Corporation in a research note on Tuesday, September 19th. BMO Capital Markets lowered their price target on shares of Ryerson Holding Corporation to $10.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. Zacks Investment Research raised shares of Ryerson Holding Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, BidaskClub cut shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.81.
Ryerson Holding Corporation (NYSE:RYI) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $864.20 million for the quarter, compared to analysts’ expectations of $853.35 million. Ryerson Holding Corporation had a net margin of 0.26% and a negative return on equity of 33.95%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. equities analysts anticipate that Ryerson Holding Corporation will post 0.63 earnings per share for the current year.
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.
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