Barclays PLC Increases Stock Position in Ryerson Holding Co. (NYSE:RYI)

Barclays PLC grew its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 167.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,330 shares of the basic materials company’s stock after buying an additional 34,604 shares during the period. Barclays PLC owned 0.17% of Ryerson worth $1,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 DIFC Ltd increased its position in Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ryerson by 7.9% during the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock valued at $266,000 after acquiring an additional 1,003 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ryerson by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 1,157 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson in the 2nd quarter worth about $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 2,259 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the sale, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.88% of the stock is currently owned by company insiders.

Ryerson Stock Down 2.9 %

NYSE:RYI opened at $18.56 on Monday. The firm has a 50-day simple moving average of $23.08 and a two-hundred day simple moving average of $21.26. The firm has a market cap of $591.08 million, a P/E ratio of 30.43 and a beta of 1.54. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.26). The firm had revenue of $1.13 billion for the quarter. Ryerson had a net margin of 0.46% and a return on equity of 2.66%. During the same period in the prior year, the business earned $1.00 earnings per share.

Ryerson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, December 5th. Ryerson’s payout ratio is 122.95%.

Ryerson Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.