Ryerson Holding Corp (NYSE:RYI) – Analysts at KeyCorp issued their Q4 2019 earnings per share estimates for shares of Ryerson in a report issued on Wednesday, May 15th. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings of $0.13 per share for the quarter.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ryerson from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Deutsche Bank cut shares of Ryerson from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Wednesday, April 10th. Finally, ValuEngine upgraded shares of Ryerson from a “strong sell” rating to a “sell” rating in a report on Friday, March 15th.
Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, March 5th. The basic materials company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.09). Ryerson had a return on equity of 76.79% and a net margin of 2.66%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp acquired a new stake in Ryerson in the first quarter valued at $27,000. BNP Paribas Arbitrage SA lifted its stake in Ryerson by 111.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,375 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,778 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Ryerson in the fourth quarter valued at $63,000. Rhumbline Advisers lifted its stake in Ryerson by 48.7% in the fourth quarter. Rhumbline Advisers now owns 20,940 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 6,860 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Ryerson by 15.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,175 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 3,189 shares during the last quarter. Institutional investors and hedge funds own 37.16% of the company’s stock.
In other Ryerson news, Director Stephen P. Larson bought 20,000 shares of Ryerson stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of $8.55 per share, for a total transaction of $171,000.00. Following the completion of the acquisition, the director now owns 40,000 shares of the company’s stock, valued at approximately $342,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.36% of the company’s stock.
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing.
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