Barclays PLC Raises Stake in Ryerson Holding Co. (NYSE:RYI)

Barclays PLC grew its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 167.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 55,330 shares of the basic materials company's stock after acquiring an additional 34,604 shares during the quarter. Barclays PLC owned about 0.17% of Ryerson worth $1,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in Ryerson by 10.5% in the second quarter. Rhumbline Advisers now owns 47,407 shares of the basic materials company's stock worth $924,000 after buying an additional 4,521 shares during the last quarter. Victory Capital Management Inc. lifted its position in 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 during the last quarter. American Century Companies Inc. lifted its position 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 worth $15,281,000 after buying an additional 97,556 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ryerson by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company's stock worth $1,469,000 after buying an additional 2,529 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Ryerson by 34.1% in the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company's stock worth $5,433,000 after buying an additional 70,901 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Insider Activity at Ryerson

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the business'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 completion of the transaction, the executive vice president now directly owns 107,664 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by corporate insiders.

Ryerson Trading Down 0.7 %

RYI traded down $0.14 during trading on Tuesday, reaching $19.50. The company had a trading volume of 60,303 shares, compared to its average volume of 254,051. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $36.15. The stock has a market cap of $621.02 million, a P/E ratio of 31.97 and a beta of 1.59. The business has a 50 day simple moving average of $22.29 and a 200-day simple moving average of $21.11. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

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

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 issued a $0.1875 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.85%. Ryerson's payout ratio is currently 122.95%.

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.