Point72 DIFC Ltd Raises Stock Position in Ryerson Holding Co. (NYSE:RYI)

Point72 DIFC Ltd boosted its position in shares of Ryerson Holding Co. (NYSE:RYI) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,835 shares of the basic materials company’s stock after buying an additional 837 shares during the quarter. Point72 DIFC Ltd’s holdings in Ryerson were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RYI. CastleKnight Management LP purchased a new position in Ryerson during the 4th quarter valued at about $3,087,000. Denali Advisors LLC raised its holdings in Ryerson by 34.3% in the second quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock worth $4,169,000 after purchasing an additional 54,621 shares in the last quarter. Vanguard Group Inc. boosted 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 buying an additional 81,515 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Ryerson by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after buying an additional 70,901 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Ryerson during the second quarter worth $595,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Trading Down 0.6 %

Shares of NYSE:RYI opened at $19.79 on Wednesday. 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 firm has a market capitalization of $657.03 million, a P/E ratio of 7.67 and a beta of 1.56. The business’s 50-day moving average is $19.88 and its 200 day moving average is $23.55. Ryerson Holding Co. has a 1 year low of $17.57 and a 1 year high of $36.20.

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

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, September 5th. Ryerson’s payout ratio is 29.07%.

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.