Market Runner: What’s in Ryerson Holding Corp After Today’s Big Decline?

Market Runner: What's in Ryerson Holding Corp After Today's Big Decline?

The stock of Ryerson Holding Corp (NYSE:RYI) is a huge mover today! About 267,893 shares traded hands. Ryerson Holding Corp (NYSE:RYI) has risen 110.06% since April 14, 2016 and is uptrending. It has outperformed by 105.38% the S&P500.
The move comes after 8 months negative chart setup for the $463.78 million company. It was reported on Nov, 16 by Barchart.com. We have $10.58 PT which if reached, will make NYSE:RYI worth $64.93 million less.

Ryerson Holding Corp (NYSE:RYI) Ratings Coverage

Out of 5 analysts covering Ryerson Holding (NYSE:RYI), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Ryerson Holding has been the topic of 13 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, April 19 by JP Morgan. BMO Capital Markets maintained Ryerson Holding Corp (NYSE:RYI) on Thursday, August 11 with “Market Perform” rating. The company was maintained on Thursday, September 15 by Jefferies. Jefferies maintained the stock with “Hold” rating in Wednesday, September 16 report. The firm has “Neutral” rating given on Thursday, August 11 by JP Morgan. Jefferies downgraded the shares of RYI in a report on Monday, August 24 to “Hold” rating. The stock of Ryerson Holding Corp (NYSE:RYI) has “Neutral” rating given on Friday, March 11 by JP Morgan. The firm has “Hold” rating by Jefferies given on Wednesday, January 13. The firm earned “Outperform” rating on Friday, August 14 by BMO Capital Markets. The firm earned “Hold” rating on Monday, October 5 by Deutsche Bank.

According to Zacks Investment Research, “Ryerson Holding Corporation is a services company that processes and distributes metals. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. It has operations primarily in the United States, Mexico, Canada, China and Brazil. Ryerson Holding Corporation is headquartered in Chicago.”

Insitutional Activity: The institutional sentiment increased to 2.1 in Q2 2016. Its up 0.52, from 1.58 in 2016Q1. The ratio is positive, as 8 funds sold all Ryerson Holding Corp shares owned while 21 reduced positions. 32 funds bought stakes while 29 increased positions. They now own 10.65 million shares or 2.98% more from 10.34 million shares in 2016Q1.
Eam Investors Lc last reported 126,459 shares in the company. Spark Investment Mngmt Lc holds 0.85% of its portfolio in Ryerson Holding Corp (NYSE:RYI) for 516,300 shares. Pnc Fincl Service Incorporated accumulated 138 shares or 0% of the stock. The California-based Clarivest Asset Mngmt Ltd Company has invested 0.08% in Ryerson Holding Corp (NYSE:RYI). Moreover, Pdt Prtnrs Limited has 0.11% invested in Ryerson Holding Corp (NYSE:RYI) for 80,356 shares. Deutsche Savings Bank Ag has 321,606 shares for 0% of their US portfolio. Goldman Sachs Grp Incorporated Incorporated holds 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI) for 46,591 shares. Century Inc has 0% invested in the company for 41,905 shares. Bankshares Of America Corp De, a North Carolina-based fund reported 89,334 shares. Smith Asset Mgmt Gru Lp last reported 22,700 shares in the company. Blackrock Fund holds 284,261 shares or 0% of its portfolio. Nationwide Fund Advsrs reported 46,846 shares or 0% of all its holdings. Morgan Stanley holds 1,020 shares or 0% of its portfolio. Invesco Ltd accumulated 282,477 shares or 0% of the stock. Alliancebernstein L P, a New York-based fund reported 15,100 shares.

Insider Transactions: Since May 19, 2016, the stock had 7 insider buys, and 0 insider sales for $187,056 net activity. $3,025 worth of Ryerson Holding Corp (NYSE:RYI) shares were bought by Schnaufer Erich S. $12,705 worth of Ryerson Holding Corp (NYSE:RYI) was bought by Richardson Kevin D. 2,250 Ryerson Holding Corp (NYSE:RYI) shares with value of $20,138 were bought by Burbach Michael. Another trade for 1,000 shares valued at $12,350 was made by CARRUTHERS COURT D on Thursday, May 19. The insider Lehner Edward J. bought 7,060 shares worth $84,693.

More recent Ryerson Holding Corp (NYSE:RYI) news were published by: Prnewswire.com which released: “Ryerson Holding Corporation Announces Proposed Offering of Common Stock” on July 18, 2016. Also Marketwatch.com published the news titled: “Virtual Stock Exchange” on July 04, 2011. Nasdaq.com‘s news article titled: “Ryerson Holding Corp. Earnings Rise 54% In Q3” with publication date: November 02, 2016 was also an interesting one.

RYI Company Profile

Ryerson Holding Corporation (Ryerson Holding), incorporated on July 16, 2007, is a service center firm for carbon and stainless steel, as well as aluminum. The Firm operates through metals service centers segment. The Firm processes and distributes a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels, and a limited line of nickel and red metals in various shapes and forms. It operates in the 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. It owns, leases or contracts a fleet of tractors and trailers.

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