Ryerson Holding Corporation (NYSE:RYI) CEO Purchases $15,500.00 in Stock

Ryerson Holding Corporation (NYSE:RYI) CEO Edward J. Lehner bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $7.75 per share, for a total transaction of $15,500.00. Following the acquisition, the chief executive officer now directly owns 134,390 shares of the company’s stock, valued at approximately $1,041,522.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Ryerson Holding Corporation (NYSE:RYI) traded down 1.944% during mid-day trading on Wednesday, hitting $8.825. 81,496 shares of the stock traded hands. The stock has a market cap of $328.08 million, a price-to-earnings ratio of 21.898 and a beta of 2.11. The firm has a 50 day moving average of $8.43 and a 200 day moving average of $9.99. Ryerson Holding Corporation has a 12 month low of $7.65 and a 12 month high of $16.85.

Ryerson Holding Corporation (NYSE:RYI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The company had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $875.13 million. Ryerson Holding Corporation had a net margin of 0.48% and a negative return on equity of 53.49%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. On average, equities analysts expect that Ryerson Holding Corporation will post $1.04 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on the stock. Jefferies Group LLC restated a “hold” rating and issued a $9.25 target price on shares of Ryerson Holding Corporation in a report on Thursday, September 7th. TheStreet upgraded shares of Ryerson Holding Corporation from a “d” rating to a “c” rating in a research note on Monday, August 7th. BidaskClub cut shares of Ryerson Holding Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of Ryerson Holding Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Ryerson Holding Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.05.

A number of institutional investors and hedge funds have recently bought and sold shares of RYI. Trellus Management Company LLC purchased a new position in Ryerson Holding Corporation during the second quarter valued at $138,000. Ameriprise Financial Inc. purchased a new position in Ryerson Holding Corporation during the second quarter valued at $138,000. Rhumbline Advisers lifted its holdings in Ryerson Holding Corporation by 26.0% during the second quarter. Rhumbline Advisers now owns 18,139 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 3,740 shares in the last quarter. HighTower Advisors LLC purchased a new position in Ryerson Holding Corporation during the first quarter valued at $192,000. Finally, Wells Fargo & Company MN lifted its holdings in Ryerson Holding Corporation by 5.8% during the second quarter. Wells Fargo & Company MN now owns 20,343 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 1,109 shares in the last quarter. 40.90% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Holding Corporation 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.

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

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