Teachers Advisors LLC raised its holdings in shares of Ryerson Holding Corp (NYSE:RYI) by 19.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,955 shares of the basic materials company’s stock after purchasing an additional 7,184 shares during the quarter. Teachers Advisors LLC’s holdings in Ryerson were worth $497,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Ryerson by 4.5% during the second quarter. Northern Trust Corp now owns 179,293 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 7,639 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Ryerson by 59.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,986 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 7,850 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Ryerson by 18.9% during the third quarter. Russell Investments Group Ltd. now owns 85,091 shares of the basic materials company’s stock worth $962,000 after purchasing an additional 13,527 shares during the last quarter. Jefferies Group LLC bought a new stake in shares of Ryerson during the third quarter worth $162,000. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Ryerson during the third quarter worth $222,000. Institutional investors and hedge funds own 36.62% of the company’s stock.
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RYI stock opened at $7.42 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.45 and a debt-to-equity ratio of 12.03. The stock has a market capitalization of $271.84 million, a P/E ratio of 20.05 and a beta of 1.93. Ryerson Holding Corp has a 1-year low of $5.99 and a 1-year high of $12.95.
RYI has been the subject of several research analyst reports. ValuEngine downgraded Ryerson from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Deutsche Bank upgraded Ryerson from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, November 5th. Finally, Zacks Investment Research downgraded Ryerson from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 5th.
In other news, CEO Edward J. Lehner acquired 4,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $8.10 per share, for a total transaction of $33,412.50. Following the completion of the acquisition, the chief executive officer now directly owns 215,439 shares of the company’s stock, valued at approximately $1,745,055.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 10,625 shares of company stock valued at $86,018 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
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Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubing.
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