Key Points
- CFO James Claussen sold 4,972 shares on Feb. 3 at $30.00 each for $149,160, leaving him with 74,284 shares — a 6.27% reduction in his ownership.
- RYI recently traded near $30.50, has a market cap of about $983M and a negative P/E, is ~94.8% institutionally owned, and carries a consensus "Reduce" rating with an average target price of $25.00.
Ryerson Holding Corporation (NYSE:RYI - Get Free Report) CFO James Claussen sold 4,972 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.00, for a total transaction of $149,160.00. Following the completion of the sale, the chief financial officer directly owned 74,284 shares in the company, valued at $2,228,520. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Ryerson Price Performance
RYI stock opened at $30.52 on Thursday. The business's fifty day moving average price is $26.47 and its 200 day moving average price is $23.70. Ryerson Holding Corporation has a 12-month low of $19.02 and a 12-month high of $30.90. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $983.05 million, a PE ratio of -42.99 and a beta of 1.58.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on RYI shares. Zacks Research raised shares of Ryerson to a "hold" rating in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ryerson in a research report on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $25.00.
View Our Latest Analysis on RYI
Institutional Investors Weigh In On Ryerson
A number of hedge funds and other institutional investors have recently modified their holdings of RYI. CWM LLC raised its stake in shares of Ryerson by 97.7% during the second quarter. CWM LLC now owns 1,866 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 922 shares during the period. Virtus Investment Advisers LLC increased its stake in Ryerson by 16.5% during the 2nd quarter. Virtus Investment Advisers LLC now owns 8,940 shares of the basic materials company's stock worth $193,000 after buying an additional 1,269 shares during the period. State of Alaska Department of Revenue purchased a new stake in Ryerson during the 3rd quarter worth $30,000. Wedge Capital Management L L P NC lifted its holdings in Ryerson by 3.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 49,052 shares of the basic materials company's stock worth $1,121,000 after buying an additional 1,523 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in Ryerson by 5.3% in the 4th quarter. Mutual Advisors LLC now owns 47,235 shares of the basic materials company's stock valued at $1,188,000 after buying an additional 2,370 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
Ryerson Company Profile
(
Get Free Report)
Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.
In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.
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