Harbor Capital Advisors Inc. Trims Stock Position in Ryerson Holding Co. (NYSE:RYI)

Harbor Capital Advisors Inc. lessened its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 23.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,852 shares of the basic materials company’s stock after selling 4,158 shares during the period. Harbor Capital Advisors Inc.’s holdings in Ryerson were worth $256,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JB Capital Partners LP raised its position in Ryerson by 4.0% during the 3rd quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock valued at $42,430,000 after purchasing an additional 82,313 shares in the last quarter. State Street Corp increased its stake in shares of Ryerson by 3.2% during the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock valued at $28,101,000 after buying an additional 43,780 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Ryerson by 164.8% in the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock valued at $22,906,000 after acquiring an additional 715,990 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ryerson by 31.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock worth $16,874,000 after acquiring an additional 203,314 shares during the period. Finally, American Century Companies Inc. grew its holdings in Ryerson by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after acquiring an additional 97,556 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insider Buying and Selling at Ryerson

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

Ryerson Trading Up 1.8 %

NYSE:RYI opened at $19.99 on Wednesday. The firm has a 50-day simple moving average of $22.25 and a 200-day simple moving average of $21.11. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $36.15. The firm has a market cap of $636.62 million, a P/E ratio of 32.77 and a beta of 1.59. 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 (NYSE:RYI) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) EPS 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 business earned $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Thursday, December 5th. Ryerson’s payout ratio is currently 122.95%.

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.