Harber Asset Management Has Lowered Orbotech LTD (ORBK) Position; Last Week Ryerson Holding (RYI) Coverage

April 16, 2018 - By Lawrence Diaz

Ryerson Holding Corporation (NYSE:RYI) Logo

Among 6 analysts covering Ryerson Holding (NYSE:RYI), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Ryerson Holding had 31 analyst reports since August 14, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Wednesday, September 6 report. BMO Capital Markets maintained Ryerson Holding Corporation (NYSE:RYI) on Thursday, August 11 with “Market Perform” rating. Deutsche Bank maintained the shares of RYI in report on Thursday, March 29 with “Buy” rating. The firm has “Buy” rating given on Monday, December 5 by Deutsche Bank. The company was maintained on Monday, October 5 by Deutsche Bank. KeyBanc Capital Markets maintained Ryerson Holding Corporation (NYSE:RYI) rating on Monday, September 18. KeyBanc Capital Markets has “Buy” rating and $13.5 target. BMO Capital Markets downgraded Ryerson Holding Corporation (NYSE:RYI) on Friday, August 14 to “Outperform” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, November 21 report. Jefferies maintained Ryerson Holding Corporation (NYSE:RYI) rating on Thursday, July 6. Jefferies has “Hold” rating and $11.2500 target. The company was maintained on Wednesday, September 16 by Jefferies. See Ryerson Holding Corporation (NYSE:RYI) latest ratings:

29/03/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $15 New Target: $13 Maintain
06/03/2018 Broker: Jefferies Rating: Hold New Target: $10.25 Maintain
09/01/2018 Broker: Jefferies Rating: Hold New Target: $11.0 Maintain
21/11/2017 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
13/11/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $13 New Target: $10 Maintain
10/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $10.0 Maintain
19/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $13.5 Maintain

Harber Asset Management Llc decreased Orbotech Ltd (ORBK) stake by 81.94% reported in 2017Q4 SEC filing. Harber Asset Management Llc sold 113,693 shares as Orbotech Ltd (ORBK)’s stock rose 23.02%. The Harber Asset Management Llc holds 25,062 shares with $1.26M value, down from 138,755 last quarter. Orbotech Ltd now has $2.95 billion valuation. The stock decreased 1.07% or $0.66 during the last trading session, reaching $60.84. About 402,825 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 91.25% since April 16, 2017 and is uptrending. It has outperformed by 79.70% the S&P500.

Analysts await Orbotech Ltd. (NASDAQ:ORBK) to report earnings on May, 2. They expect $0.71 earnings per share, up 69.05% or $0.29 from last year’s $0.42 per share. ORBK’s profit will be $34.40M for 21.42 P/E if the $0.71 EPS becomes a reality. After $0.82 actual earnings per share reported by Orbotech Ltd. for the previous quarter, Wall Street now forecasts -13.41% negative EPS growth.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Orbotech had 27 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 16 by Needham. The firm earned “Hold” rating on Monday, March 19 by Needham. On Monday, March 19 the stock rating was downgraded by Stifel Nicolaus to “Hold”. On Tuesday, September 8 the stock rating was initiated by Lake Street with “Buy”. Needham maintained Orbotech Ltd. (NASDAQ:ORBK) rating on Tuesday, November 7. Needham has “Buy” rating and $65.0 target. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. The firm has “Overweight” rating given on Monday, December 21 by JP Morgan. The firm has “Buy” rating by Jefferies given on Thursday, October 19. The firm has “Outperform” rating given on Tuesday, January 5 by Cowen & Co. As per Thursday, November 2, the company rating was maintained by Barclays Capital.

The stock increased 2.72% or $0.25 during the last trading session, reaching $9.45. About 246,417 shares traded. Ryerson Holding Corporation (NYSE:RYI) has declined 26.85% since April 16, 2017 and is downtrending. It has underperformed by 38.40% the S&P500.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.05, from 1.1 in 2017Q3. It turned negative, as 15 investors sold Ryerson Holding Corporation shares while 24 reduced holdings. 7 funds opened positions while 34 raised stakes. 14.72 million shares or 1.61% more from 14.48 million shares in 2017Q3 were reported. California State Teachers Retirement Sys reported 0% of its portfolio in Ryerson Holding Corporation (NYSE:RYI). 106,545 were accumulated by Parametric Port Associates Lc. Minnesota-based Thrivent For Lutherans has invested 0.01% in Ryerson Holding Corporation (NYSE:RYI). 20,056 are owned by Jacobs Levy Equity. Texas-based Dimensional Fund L P has invested 0% in Ryerson Holding Corporation (NYSE:RYI). First Quadrant L P Ca holds 30,500 shares. 57,300 were reported by Strs Ohio. 4,180 were reported by Legal And General Group Inc Public Limited Com. Northern Tru holds 0% of its portfolio in Ryerson Holding Corporation (NYSE:RYI) for 165,125 shares. Geode Mngmt Limited Liability Company invested in 0% or 139,035 shares. Globeflex Ltd Partnership holds 0.11% or 38,576 shares. Menta Capital Limited Liability Company has 11,808 shares for 0.02% of their portfolio. Massachusetts Fincl Ser Com Ma holds 0% in Ryerson Holding Corporation (NYSE:RYI) or 42,447 shares. State Common Retirement Fund has 0% invested in Ryerson Holding Corporation (NYSE:RYI). Moreover, Van Eck Associates has 0% invested in Ryerson Holding Corporation (NYSE:RYI).

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Mexico, Canada, China, and Brazil. The company has market cap of $351.62 million. The firm offers a line of stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural products, and tubes. It has a 20.54 P/E ratio. It also provides value-added processing and fabrication services ranging from sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, and rolling shell plate to radius and beveling; and processing materials.

Ryerson Holding Corporation (NYSE:RYI) Institutional Positions Chart

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