Renaissance Technologies LLC Has $2.19 Million Stock Position in Ryerson Holding Co. (NYSE:RYI)

Renaissance Technologies LLC reduced its holdings in Ryerson Holding Co. (NYSE:RYI - Free Report) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,100 shares of the basic materials company's stock after selling 63,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.37% of Ryerson worth $2,186,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Ryerson in the fourth quarter worth $54,000. US Bancorp DE lifted its position in Ryerson by 150.8% during the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock worth $208,000 after buying an additional 6,762 shares in the last quarter. Wells Fargo & Company MN lifted its position in Ryerson by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock worth $311,000 after buying an additional 2,749 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Ryerson in the 4th quarter valued at about $329,000. Finally, Proficio Capital Partners LLC acquired a new stake in Ryerson in the 4th quarter valued at about $339,000. 94.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, 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.

Ryerson Trading Up 0.0 %

Shares of RYI stock traded up $0.01 on Tuesday, reaching $22.89. 157,321 shares of the stock were exchanged, compared to its average volume of 311,512. The stock has a 50 day moving average price of $23.15 and a 200 day moving average price of $22.45. The stock has a market cap of $729.07 million, a PE ratio of -88.04 and a beta of 1.35. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $31.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1 billion. Equities research analysts forecast that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, March 6th. Ryerson's payout ratio is presently -288.46%.

Insider Activity at Ryerson

In other news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the transaction, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James J. Claussen sold 6,017 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the sale, the chief financial officer now directly owns 58,773 shares of the company's stock, valued at approximately $1,486,956.90. The trade was a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is owned by corporate insiders.

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.