18,306 Shares in Ryerson Holding Co. (NYSE:RYI) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,306 shares of the basic materials company's stock, valued at approximately $339,000. Proficio Capital Partners LLC owned about 0.06% of Ryerson as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mutual Advisors LLC increased its position in shares of Ryerson by 5.0% during the fourth 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 during the period. Hantz Financial Services Inc. boosted its holdings in shares of Ryerson by 9.4% in the fourth quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company's stock valued at $557,000 after acquiring an additional 2,590 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Ryerson in the 4th quarter valued at $54,000. FMR LLC grew its holdings in shares of Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock worth $152,000 after buying an additional 4,704 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ryerson by 10.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,808 shares of the basic materials company's stock valued at $1,211,000 after purchasing an additional 5,773 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, BMO Capital Markets boosted their price target on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th.

Ryerson Trading Down 3.8 %

Shares of NYSE RYI traded down $0.92 during midday trading on Friday, reaching $23.09. 137,679 shares of the stock were exchanged, compared to its average volume of 310,618. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $34.65. The stock has a 50 day moving average price of $23.10 and a 200-day moving average price of $22.04. The company has a market capitalization of $735.44 million, a P/E ratio of -88.81 and a beta of 1.53. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.48) by $0.34. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Equities research analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, March 6th. Ryerson's payout ratio is currently -288.46%.

Insider Activity

In other news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the completion of the transaction, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. The trade was a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the sale, the chief financial officer now owns 58,773 shares in the company, valued at approximately $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.95% of the company's stock.

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.