Massachusetts Financial Services Co. MA Sells 1,782 Shares of Ryerson Holding Co. (NYSE:RYI)

Massachusetts Financial Services Co. MA lessened its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,557 shares of the basic materials company’s stock after selling 1,782 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.23% of Ryerson worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RYI. SummerHaven Investment Management LLC lifted its holdings in shares of Ryerson by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 17,590 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 636 shares during the period. Point72 DIFC Ltd grew its stake in Ryerson by 16.7% during the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Ryerson by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company’s stock worth $455,000 after buying an additional 977 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ryerson by 7.9% in the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock valued at $266,000 after acquiring an additional 1,003 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ryerson by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Trading Down 0.3 %

RYI stock opened at $25.50 on Thursday. 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 stock has a market capitalization of $812.18 million, a price-to-earnings ratio of 41.80 and a beta of 1.54. The business has a fifty day moving average price of $22.23 and a 200 day moving average price of $21.39. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.20.

Ryerson (NYSE:RYI) last released its quarterly 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). Ryerson had a net margin of 0.46% and a return on equity of 2.66%. The business had revenue of $1.13 billion during the quarter. During the same period last year, the company earned $1.00 earnings per share.

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 $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.94%. 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 other news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.