Proficio Capital Partners LLC Acquires New Holdings in Ryerson Holding Co. (NYSE:RYI)

Proficio Capital Partners LLC bought a new position in Ryerson Holding Co. (NYSE:RYI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,306 shares of the basic materials company’s stock, valued at approximately $339,000.

Other large investors have also added to or reduced their stakes in the company. Mutual Advisors LLC lifted its holdings in shares of Ryerson by 5.0% during the 4th quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 2,140 shares during the last quarter. Hantz Financial Services Inc. raised its stake in 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 buying an additional 2,590 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Ryerson in the fourth quarter valued at about $54,000. FMR LLC boosted its holdings in Ryerson by 159.7% in the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 4,704 shares in 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% during the third 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 worth $1,211,000 after acquiring an additional 5,773 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their price objective on shares of Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, February 24th.

Insiders Place Their Bets

In other news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the sale, the chief executive officer now owns 593,228 shares in the company, valued at $14,706,122.12. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the transaction, the chief financial officer now owns 58,773 shares of the company’s stock, valued at $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. 3.95% of the stock is currently owned by insiders.

Ryerson Trading Down 0.6 %

NYSE:RYI opened at $23.27 on Wednesday. The company has a market capitalization of $741.17 million, a P/E ratio of -89.50 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 Holding Co. has a 12 month low of $17.18 and a 12 month high of $34.65. The firm has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $21.95.

Ryerson (NYSE:RYI) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.34. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. On average, equities research analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.75 annualized dividend and a yield of 3.22%. Ryerson’s dividend payout ratio (DPR) is presently -288.46%.

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.