Nisa Investment Advisors LLC Increases Stock Position in Ryerson Holding Co. (NYSE:RYI)

Nisa Investment Advisors LLC boosted its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 3,103.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,430 shares of the basic materials company’s stock after buying an additional 12,042 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ryerson were worth $247,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 valued at $79,757,000 after acquiring an additional 81,515 shares during the period. William Blair Investment Management LLC grew its stake in Ryerson by 0.8% in the first quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company’s stock valued at $28,993,000 after purchasing an additional 6,883 shares during the last quarter. American Century Companies Inc. raised its holdings in Ryerson by 14.2% in the second 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. Acadian Asset Management LLC lifted its position in shares of Ryerson by 3.4% during the first quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company’s stock valued at $22,610,000 after buying an additional 22,069 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Ryerson by 2.6% during the first quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company’s stock valued at $17,080,000 after buying an additional 12,775 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ryerson Stock Up 16.7 %

Shares of Ryerson stock opened at $26.12 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $831.92 million, a P/E ratio of 42.82 and a beta of 1.54. The firm’s 50 day moving average price is $20.35 and its 200-day moving average price is $21.56. Ryerson Holding Co. has a 52-week low of $17.57 and a 52-week high of $36.20.

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

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, December 5th. Ryerson’s dividend payout ratio 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.