Jacobs Levy Equity Management Inc. Acquires 31,046 Shares of Ryerson Holding Co. (NYSE:RYI)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,341 shares of the basic materials company's stock after purchasing an additional 31,046 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.51% of Ryerson worth $9,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. boosted 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 worth $22,906,000 after buying an additional 715,990 shares during the period. Bank of Montreal Can acquired a new position in shares of Ryerson in the second quarter worth about $5,372,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ryerson by 31.6% during 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 purchasing an additional 203,314 shares during the period. American Century Companies Inc. boosted its holdings in shares of Ryerson by 14.2% during the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company's stock worth $15,281,000 after purchasing an additional 97,556 shares during the period. Finally, JB Capital Partners LP boosted its holdings in shares of Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company's stock worth $42,430,000 after purchasing an additional 82,313 shares during the period. Institutional investors own 94.81% of the company's stock.

Ryerson Stock Down 2.9 %

Shares of RYI stock traded down $0.72 during trading on Friday, hitting $23.86. 136,874 shares of the company were exchanged, compared to its average volume of 303,771. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The firm has a market capitalization of $759.94 million, a price-to-earnings ratio of 39.11 and a beta of 1.54. The business's 50-day simple moving average is $22.99 and its 200 day simple moving average is $21.51. Ryerson Holding Co. has a twelve month low of $17.57 and a twelve month high of $36.20.

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

Ryerson Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson's dividend payout ratio is currently 122.95%.

Insider Buying and Selling

In related news, EVP Mark S. Silver sold 9,000 shares of the firm's stock in a transaction that occurred on 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 owns 107,664 shares of the company's stock, valued at approximately $2,644,227.84. This trade represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is currently owned by corporate insiders.

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.