Ryerson Holding Corp (RYI) CEO Buys $38,533.20 in Stock

Ryerson Holding Corp (NYSE:RYI) CEO Edward J. Lehner purchased 3,940 shares of the company’s stock in a transaction on Friday, May 5th. The shares were bought at an average price of $9.78 per share, for a total transaction of $38,533.20. Following the completion of the transaction, the chief executive officer now directly owns 107,470 shares in the company, valued at approximately $1,051,056.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ryerson Holding Corp (NYSE:RYI) traded up 3.91% on Friday, hitting $9.30. 148,516 shares of the stock traded hands. Ryerson Holding Corp has a 12-month low of $8.10 and a 12-month high of $19.71. The stock has a market capitalization of $345.74 million, a P/E ratio of 16.58 and a beta of 2.41. The company’s 50 day moving average price is $11.92 and its 200-day moving average price is $12.12.

Ryerson Holding Corp (NYSE:RYI) last issued its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $814.50 million for the quarter, compared to analyst estimates of $788.38 million. Ryerson Holding Corp had a negative return on equity of 20.28% and a net margin of 0.24%. Analysts predict that Ryerson Holding Corp will post $1.49 EPS for the current year.

Insider Buying and Selling by Quarter for Ryerson Holding Corp (NYSE:RYI)

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A number of research firms have commented on RYI. ValuEngine downgraded shares of Ryerson Holding Corp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Ryerson Holding Corp from a “strong sell” rating to a “hold” rating and set a $12.00 target price on the stock in a report on Tuesday, March 14th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $13.00 target price on shares of Ryerson Holding Corp in a report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ryerson Holding Corp presently has a consensus rating of “Hold” and an average target price of $14.33.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in Ryerson Holding Corp by 1,021.6% in the third quarter. Bank of Montreal Can now owns 125,187 shares of the basic materials company’s stock valued at $1,414,000 after buying an additional 114,026 shares in the last quarter. Chicago Equity Partners LLC raised its stake in Ryerson Holding Corp by 2.9% in the third quarter. Chicago Equity Partners LLC now owns 116,890 shares of the basic materials company’s stock valued at $1,320,000 after buying an additional 3,260 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of Ryerson Holding Corp by 27.8% in the third quarter. Spark Investment Management LLC now owns 659,900 shares of the basic materials company’s stock worth $7,450,000 after buying an additional 143,600 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of Ryerson Holding Corp during the third quarter worth about $155,000. Finally, Citadel Advisors LLC boosted its position in shares of Ryerson Holding Corp by 58.9% in the third quarter. Citadel Advisors LLC now owns 154,522 shares of the basic materials company’s stock worth $1,745,000 after buying an additional 57,294 shares during the last quarter. Institutional investors own 36.90% of the company’s stock.

Ryerson Holding Corp 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.

5 Day Chart for NYSE:RYI

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