Wedge Capital Management L L P NC Boosts Stake in Ryerson Holding Co. (NYSE:RYI)

Wedge Capital Management L L P NC boosted its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 28.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,744 shares of the basic materials company’s stock after buying an additional 11,720 shares during the period. Wedge Capital Management L L P NC’s holdings in Ryerson were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RYI. Victory Capital Management Inc. lifted its holdings in Ryerson by 983.8% during the second quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company’s stock worth $8,473,000 after buying an additional 394,415 shares during the period. Bank of Montreal Can acquired a new stake in shares of Ryerson in the 2nd quarter worth $5,372,000. MMCAP International Inc. SPC boosted its position in shares of Ryerson by 2,316.4% in the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company’s stock worth $6,476,000 after purchasing an additional 185,313 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Ryerson by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after purchasing an additional 97,556 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock worth $79,757,000 after purchasing an additional 81,515 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Stock Up 1.8 %

Ryerson stock opened at $21.53 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.38 and a quick ratio of 1.11. The stock has a market capitalization of $739.25 million, a price-to-earnings ratio of 8.34 and a beta of 1.56. Ryerson Holding Co. has a 1-year low of $17.57 and a 1-year high of $36.20. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $22.72.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm had revenue of $1.23 billion during the quarter. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. During the same period in the previous year, the business earned $1.06 EPS.

Ryerson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.188 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.49%. Ryerson’s payout ratio is 29.07%.

Ryerson Company 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.