Fmr LLC Purchases 4,704 Shares of Ryerson Holding Co. (NYSE:RYI)

Fmr LLC increased its stake in Ryerson Holding Co. (NYSE:RYI) by 159.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,649 shares of the basic materials company’s stock after buying an additional 4,704 shares during the quarter. Fmr LLC’s holdings in Ryerson were worth $152,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson during the second quarter valued at $39,000. Copeland Capital Management LLC purchased a new position in shares of Ryerson in the third quarter worth $56,000. SG Americas Securities LLC purchased a new stake in Ryerson during the 3rd quarter valued at about $108,000. Point72 DIFC Ltd raised its position in Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ryerson by 41.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 2,259 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Stock Performance

NYSE RYI opened at $19.54 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.15. The stock has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $21.37. The firm has a market capitalization of $622.29 million, a P/E ratio of 32.03 and a beta of 1.54.

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

Ryerson Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, December 5th. Ryerson’s dividend payout ratio is currently 122.95%.

Insider Activity at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the transaction, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.88% of the stock is owned by corporate insiders.

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.