First Quadrant L P CA decreased its position in Ryerson Holding Corp (NYSE:RYI) by 25.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,500 shares of the basic materials company’s stock after selling 10,300 shares during the period. First Quadrant L P CA’s holdings in Ryerson were worth $317,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in RYI. Rhumbline Advisers grew its holdings in shares of Ryerson by 26.0% in the 2nd 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 during the period. Bank of New York Mellon Corp grew its holdings in shares of Ryerson by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 77,526 shares of the basic materials company’s stock valued at $768,000 after buying an additional 3,281 shares during the period. Swiss National Bank acquired a new position in shares of Ryerson in the 2nd quarter valued at $275,000. Wells Fargo & Company MN grew its holdings in shares of Ryerson by 5.8% in the 2nd 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 during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Ryerson by 140.0% in the 2nd quarter. Alliancebernstein L.P. now owns 24,000 shares of the basic materials company’s stock valued at $238,000 after buying an additional 14,000 shares during the period. 39.25% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on RYI. Zacks Investment Research lowered shares of Ryerson from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet raised shares of Ryerson from a “d+” rating to a “c-” rating in a report on Monday, January 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ryerson in a research report on Tuesday, January 9th. Finally, BMO Capital Markets cut their price objective on shares of Ryerson to $10.00 and set a “market perform” rating on the stock in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.50.
Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $864.20 million for the quarter, compared to analysts’ expectations of $853.35 million. Ryerson had a net margin of 0.26% and a negative return on equity of 33.95%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. equities analysts predict that Ryerson Holding Corp will post 0.54 earnings per share for the current fiscal year.
Ryerson 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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