Cubist Systematic Strategies LLC Increases Position in Ryerson Holding Co. (NYSE:RYI)

Cubist Systematic Strategies LLC increased its position in shares of Ryerson Holding Co. (NYSE:RYI) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,462 shares of the basic materials company’s stock after purchasing an additional 3,248 shares during the period. Cubist Systematic Strategies LLC owned 0.15% of Ryerson worth $984,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Ryerson in the first quarter valued at about $139,000. Point72 DIFC Ltd lifted its holdings in Ryerson by 16.7% in the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Comerica Bank boosted its stake in Ryerson by 2,177.4% in the 1st quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 6,554 shares during the period. Los Angeles Capital Management LLC grew its holdings in Ryerson by 5.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company’s stock valued at $251,000 after buying an additional 355 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryerson by 41.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after buying an additional 2,259 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Price Performance

Shares of NYSE:RYI opened at $19.69 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38. The firm has a market cap of $653.71 million, a price-to-earnings ratio of 7.63 and a beta of 1.56. The firm has a fifty day moving average price of $19.80 and a 200 day moving average price of $23.52. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.20.

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

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, September 5th. Ryerson’s dividend payout ratio (DPR) is presently 29.07%.

About Ryerson

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.