Strs Ohio lessened its position in Ryerson Holding Co. (NYSE:RYI) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,600 shares of the basic materials company’s stock after selling 7,100 shares during the quarter. Strs Ohio owned about 0.12% of Ryerson worth $759,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of Ryerson by 50.2% in the third quarter. Sei Investments Co. now owns 21,752 shares of the basic materials company’s stock valued at $125,000 after buying an additional 7,271 shares in the last quarter. Ritholtz Wealth Management raised its stake in Ryerson by 8.2% during the 4th quarter. Ritholtz Wealth Management now owns 13,753 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 1,041 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Ryerson by 135.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 164,740 shares of the basic materials company’s stock worth $2,247,000 after purchasing an additional 94,840 shares during the period. State of Wisconsin Investment Board acquired a new position in Ryerson during the 4th quarter worth approximately $162,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Ryerson by 58.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 89,481 shares of the basic materials company’s stock worth $1,221,000 after acquiring an additional 33,125 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.
In other Ryerson news, insider Kevin D. Richardson sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $16.55, for a total value of $124,125.00. Also, CEO Edward J. Lehner sold 30,682 shares of the firm’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $16.39, for a total transaction of $502,877.98. Following the completion of the transaction, the chief executive officer now directly owns 406,544 shares in the company, valued at $6,663,256.16. The disclosure for this sale can be found here. Insiders sold 40,359 shares of company stock valued at $662,336 in the last three months. Company insiders own 2.23% of the company’s stock.
Ryerson (NYSE:RYI) last released its quarterly earnings results on Tuesday, May 4th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.19). Ryerson had a negative net margin of 0.63% and a positive return on equity of 9.16%. Equities research analysts anticipate that Ryerson Holding Co. will post 0.42 earnings per share for the current year.
Separately, BMO Capital Markets increased their target price on Ryerson from $9.00 to $14.50 and gave the stock a “market perform” rating in a research report on Monday, March 15th.
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 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, structurals, and tubing.
Featured Article: What is the Book Value of a Share?
Want to see what other hedge funds are holding RYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryerson Holding Co. (NYSE:RYI).
Receive News & Ratings for Ryerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryerson and related companies with MarketBeat.com's FREE daily email newsletter.