Harbor Capital Advisors Inc. Reduces Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Harbor Capital Advisors Inc. cut its holdings in Ryerson Holding Co. (NYSE:RYI) by 23.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,852 shares of the basic materials company’s stock after selling 4,158 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Ryerson were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RYI. Point72 DIFC Ltd raised its position in shares of Ryerson by 16.7% in 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. The Manufacturers Life Insurance Company raised its holdings in shares of Ryerson by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock worth $305,000 after buying an additional 1,157 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ryerson during the second quarter worth $39,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Ryerson by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company’s stock valued at $1,469,000 after buying an additional 2,529 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Ryerson in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Performance

Shares of RYI opened at $19.99 on Wednesday. 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 stock has a 50-day moving average of $22.25 and a two-hundred day moving average of $21.11. The stock has a market cap of $636.62 million, a P/E ratio of 32.77 and a beta of 1.59. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $36.15.

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

Ryerson Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.75%. Ryerson’s dividend payout ratio (DPR) is presently 122.95%.

Insider Activity at Ryerson

In other Ryerson 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 value of $221,040.00. Following the completion of the transaction, the executive vice president now directly owns 107,664 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is currently owned by insiders.

Ryerson Company 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.