Towle Co buys $29.3 Million stake in Ryerson Holding Corp (RYI)

Ryerson Holding Corp (RYI) : Towle Co scooped up 133,593 additional shares in Ryerson Holding Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,780,248 shares of Ryerson Holding Corp which is valued at $29.3 Million.Ryerson Holding Corp makes up approximately 5.58% of Towle Co’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. added RYI to its portfolio by purchasing 10,700 company shares during the most recent quarter which is valued at $112,885.Tfs Capital reduced its stake in RYI by selling 6,205 shares or 26.71% in the most recent quarter. The Hedge Fund company now holds 17,029 shares of RYI which is valued at $179,656. Ryerson Holding Corp makes up approx 0.03% of Tfs Capital’s portfolio. Bowling Portfolio Management sold out all of its stake in RYI during the most recent quarter. The investment firm sold 13,303 shares of RYI which is valued $133,429. Ifp Advisors Inc added RYI to its portfolio by purchasing 1,500 company shares during the most recent quarter which is valued at $15,045.

Ryerson Holding Corp opened for trading at $11.09 and hit $12.29 on the upside on Monday, eventually ending the session at $11.6, with a gain of 9.95% or 1.05 points. The heightened volatility saw the trading volume jump to 10,16,470 shares. Company has a market cap of $372 M.

On the company’s financial health, Ryerson Holding Corp reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 12, 2015. Analyst had a consensus of $0.18. The company had revenue of $790.00 million for the quarter, compared to analysts expectations of $819.05 million. The company’s revenue was down -16.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.26 EPS.

Many Wall Street Analysts have commented on Ryerson Holding Corp. Ryerson Holding Corp was Downgraded by BofA/Merrill to ” Underperform” on Mar 1, 2016.

Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel as well as aluminum. The Company process and distribute a full line of over 70000 products in stainless steel aluminum carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. The Company’s operations cover a range of industries including industrial equipment manufacturing industrial fabrication electrical machinery production transportation equipment manufacturing heavy equipment manufacturing and oil and gas. The Company is a processor and distributor of metals with operations located in North America China and Brazil. It operates over 90 facilities across North America six facilities in China and one facility in Brazil.

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