Unison Advisors LLC Makes New Investment in Ryerson Holding Co. (NYSE:RYI)

Unison Advisors LLC acquired a new stake in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,600 shares of the basic materials company's stock, valued at approximately $749,000. Unison Advisors LLC owned about 0.11% of Ryerson at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Ryerson by 983.8% in the second quarter. Victory Capital Management Inc. now owns 434,508 shares of the basic materials company's stock worth $8,473,000 after buying an additional 394,415 shares in the last quarter. Bank of Montreal Can acquired a new position in Ryerson during the 2nd quarter valued at about $5,372,000. MMCAP International Inc. SPC grew its stake in Ryerson by 2,316.4% during the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company's stock valued at $6,476,000 after purchasing an additional 185,313 shares during the last quarter. American Century Companies Inc. boosted its holdings in Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company's stock valued at $15,281,000 after purchasing an additional 97,556 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Ryerson by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company's stock worth $79,757,000 after buying an additional 81,515 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ryerson Price Performance

Shares of NYSE:RYI remained flat at $21.08 during midday trading on Thursday. The company had a trading volume of 266,426 shares, compared to its average volume of 318,051. The firm's fifty day moving average is $19.33 and its 200-day moving average is $23.12. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $699.69 million, a PE ratio of 8.16 and a beta of 1.56. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.20.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The company had revenue of $1.23 billion for the quarter. During the same period in the prior year, the firm posted $1.06 earnings per share.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.188 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.57%. Ryerson's dividend payout ratio (DPR) is 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.