Ryerson Holding Co. (NYSE:RYI) Shares Bought by Fmr LLC

Fmr LLC boosted its position in shares of Ryerson Holding Co. (NYSE:RYI) by 159.7% in the third quarter, HoldingsChannel.com reports. The fund owned 7,649 shares of the basic materials company’s stock after purchasing an additional 4,704 shares during the period. Fmr LLC’s holdings in Ryerson were worth $152,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Denali Advisors LLC boosted its holdings in shares of Ryerson by 34.3% in the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock valued at $4,169,000 after buying an additional 54,621 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock valued at $5,433,000 after buying an additional 70,901 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after acquiring an additional 203,314 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Ryerson by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock worth $305,000 after buying an additional 1,157 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Ryerson during the 2nd quarter worth $595,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ryerson

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

Ryerson Price Performance

RYI stock opened at $19.54 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The company has a market cap of $622.29 million, a price-to-earnings ratio of 32.03 and a beta of 1.54. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.15. The firm has a 50 day moving average of $23.34 and a 200-day moving average of $21.37.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The company 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 quarter in the previous year, the business posted $1.00 EPS.

Ryerson Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.75 annualized dividend and a yield of 3.84%. Ryerson’s dividend payout ratio (DPR) is presently 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.