Barclays PLC Has $1.10 Million Stock Position in Ryerson Holding Co. (NYSE:RYI)

Barclays PLC boosted its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 167.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,330 shares of the basic materials company's stock after purchasing an additional 34,604 shares during the period. Barclays PLC owned approximately 0.17% of Ryerson worth $1,101,000 as of its most recent filing with the SEC.

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

Insider Activity at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the company's 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 completion of the sale, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.88% of the stock is owned by insiders.

Ryerson Stock Down 2.1 %

NYSE RYI traded down $0.39 during trading hours on Monday, reaching $18.17. 174,013 shares of the company traded hands, compared to its average volume of 301,606. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $578.66 million, a PE ratio of 29.79 and a beta of 1.54. Ryerson Holding Co. has a 12 month low of $17.57 and a 12 month high of $36.15. The company has a 50 day moving average of $23.01 and a two-hundred day moving average of $21.24.

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

Ryerson Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.1875 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 4.13%. Ryerson's dividend payout ratio is currently 122.95%.

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.