Insider Selling: Ryerson (NYSE:RYI) CFO Sells $149,160.00 in Stock

Ryerson Holding Corporation (NYSE:RYI) CFO James Claussen sold 4,972 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.00, for a total transaction of $149,160.00. Following the transaction, the chief financial officer owned 74,284 shares in the company, valued at $2,228,520. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ryerson Stock Performance

Shares of Ryerson stock opened at $29.97 on Friday. The business’s 50 day moving average price is $26.75 and its 200 day moving average price is $23.79. The company has a market cap of $965.33 million, a price-to-earnings ratio of -42.21 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. Ryerson Holding Corporation has a one year low of $19.02 and a one year high of $30.90.

Institutional Investors Weigh In On Ryerson

A number of hedge funds and other institutional investors have recently made changes to their positions in RYI. Mutual Advisors LLC raised its position in shares of Ryerson by 5.3% in the 4th quarter. Mutual Advisors LLC now owns 47,235 shares of the basic materials company’s stock worth $1,188,000 after buying an additional 2,370 shares during the period. Comerica Bank raised its holdings in shares of Ryerson by 10.1% in the 4th quarter. Comerica Bank now owns 46,013 shares of the basic materials company’s stock worth $1,158,000 after purchasing an additional 4,227 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Ryerson in the 4th quarter valued at about $126,000. Harbor Capital Advisors Inc. grew its holdings in shares of Ryerson by 35.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,606 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 3,528 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Ryerson by 10.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 54,219 shares of the basic materials company’s stock worth $1,364,000 after purchasing an additional 5,167 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Zacks Research raised shares of Ryerson to a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings restated a “sell (d)” rating on shares of Ryerson in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ryerson presently has a consensus rating of “Reduce” and an average target price of $25.00.

About Ryerson

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.