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

Jacobs Levy Equity Management Inc. boosted its holdings in Ryerson Holding Co. (NYSE:RYI) by 6.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 480,341 shares of the basic materials company’s stock after purchasing an additional 31,046 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Ryerson were worth $9,564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new position in Ryerson in the 2nd quarter worth $39,000. Copeland Capital Management LLC bought a new stake in shares of Ryerson in the 3rd quarter valued at approximately $56,000. SG Americas Securities LLC purchased a new position in Ryerson during the third quarter worth $108,000. Point72 DIFC Ltd grew its holdings in Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 837 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 2,259 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 3.88% of the stock is currently owned by corporate insiders.

Ryerson Price Performance

Shares of RYI stock opened at $24.58 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. The company’s 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $21.51. The company has a market capitalization of $782.87 million, a P/E ratio of 40.30 and a beta of 1.54. Ryerson Holding Co. has a one year low of $17.57 and a one year high of $36.20.

Ryerson (NYSE:RYI) last announced 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). The firm 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 period last year, the business posted $1.00 EPS.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.05%. 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.