Tudor Investment Corp ET AL Sells 13,886 Shares of Ryerson Holding Co. (NYSE:RYI)

Tudor Investment Corp ET AL trimmed its position in Ryerson Holding Co. (NYSE:RYI) by 40.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,081 shares of the basic materials company’s stock after selling 13,886 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of Ryerson worth $372,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in Ryerson by 167.0% in the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after buying an additional 34,604 shares in the last quarter. Mutual Advisors LLC raised its position in shares of Ryerson by 5.0% in the 4th quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 2,140 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Ryerson by 9.4% during the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company’s stock worth $557,000 after purchasing an additional 2,590 shares during the last quarter. Empowered Funds LLC boosted its position in Ryerson by 5.1% during the fourth quarter. Empowered Funds LLC now owns 202,607 shares of the basic materials company’s stock valued at $3,750,000 after purchasing an additional 9,840 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Ryerson in the fourth quarter valued at about $54,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

RYI has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Ryerson from $23.00 to $25.00 and gave the company 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 report on Friday.

Ryerson Stock Performance

RYI opened at $20.82 on Friday. The company has a market cap of $670.32 million, a P/E ratio of -80.08 and a beta of 1.64. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $22.42. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $27.41.

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

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, June 5th. Ryerson’s dividend payout ratio is presently -340.91%.

Ryerson Company 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.