Today’s Market Runner: What’s Ahead for Ryerson Holding Corp After Today’s Significant Increase?

Today's Market Runner: What's Ahead for Ryerson Holding Corp After Today's Significant Increase?

The stock of Ryerson Holding Corp (NYSE:RYI) is a huge mover today! About 186,170 shares traded hands. Ryerson Holding Corp (NYSE:RYI) has risen 69.13% since April 20, 2016 and is uptrending. It has outperformed by 64.57% the S&P500.
The move comes after 8 months positive chart setup for the $506.85 million company. It was reported on Nov, 22 by Barchart.com. We have $14.61 PT which if reached, will make NYSE:RYI worth $35.48 million more.

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 earned “Neutral” rating on Tuesday, April 19 by JP Morgan. Jefferies maintained the shares of RYI in a report on Wednesday, September 16 with “Hold” rating. The firm has “Market Perform” rating given on Thursday, August 11 by BMO Capital Markets. The stock has “Outperform” rating given by BMO Capital Markets on Friday, August 14. JP Morgan maintained it with “Neutral” rating and $5 target price in Friday, March 11 report. Jefferies reinitiated the stock with “Hold” rating in Wednesday, January 13 report. The stock has “Hold” rating given by Jefferies on Thursday, September 15. On Monday, August 24 the stock rating was downgraded by Jefferies to “Hold”. The rating was maintained by Deutsche Bank on Monday, October 5 with “Hold”. JP Morgan maintained Ryerson Holding Corp (NYSE:RYI) on Thursday, August 11 with “Neutral” rating.

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 2.85 in 2016 Q2. Its up 0.75, from 2.1 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.
Victory holds 0% or 46,270 shares in its portfolio. National Bank Of America Corp De holds 89,334 shares or 0% of its portfolio. Spark Investment Management Limited Liability Corp owns 516,300 shares or 0.85% of their US portfolio. Invesco Ltd last reported 0% of its portfolio in the stock. Moreover, Quantbot Technologies Limited Partnership has 0.01% invested in Ryerson Holding Corp (NYSE:RYI) for 5,403 shares. Goldman Sachs Group Inc reported 46,591 shares or 0% of all its holdings. Geode Capital Mgmt Ltd Liability Com accumulated 0% or 75,240 shares. Moreover, Bridgeway Capital Mgmt Inc has 0.07% invested in Ryerson Holding Corp (NYSE:RYI) for 274,400 shares. Vanguard Grp Incorporated has invested 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Menta Ltd Llc last reported 44,314 shares in the company. Globeflex Ltd Partnership has 153,480 shares for 0.74% of their US portfolio. The New York-based Pdt Partners Ltd Co has invested 0.11% in Ryerson Holding Corp (NYSE:RYI). Teachers owns 18,416 shares or 0% of their US portfolio. Oxford Asset Mgmt holds 0.22% or 306,872 shares in its portfolio. Ajo Limited Partnership accumulated 0.01% or 183,705 shares.

Insider Transactions: Since August 12, 2016, the stock had 7 insider purchases, and 0 selling transactions for $187,056 net activity. $20,138 worth of Ryerson Holding Corp (NYSE:RYI) was bought by Burbach Michael. The insider Lehner Edward J. bought $84,693. CARRUTHERS COURT D bought $12,425 worth of stock or 1,000 shares. The insider Richardson Kevin D bought 1,050 shares worth $12,705. Schnaufer Erich S had bought 250 shares worth $3,025.

More recent Ryerson Holding Corp (NYSE:RYI) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on July 04, 2011. Also Prnewswire.com published the news titled: “Ryerson Amends Credit Facility, Reducing Interest Rate and Extending Maturity” on November 17, 2016. Prnewswire.com‘s news article titled: “Ryerson Holding Corporation Announces Proposed Offering of Common Stock” with publication date: July 18, 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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