Exchange Traded Concepts LLC Purchases 3,793 Shares of Myers Industries, Inc. (NYSE:MYE)

Exchange Traded Concepts LLC lifted its position in shares of Myers Industries, Inc. (NYSE:MYE) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,778 shares of the industrial products company’s stock after acquiring an additional 3,793 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Myers Industries were worth $274,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its position in Myers Industries by 60.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 624,010 shares of the industrial products company’s stock worth $8,624,000 after purchasing an additional 234,390 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Myers Industries during the 3rd quarter worth approximately $972,000. Bank of Montreal Can bought a new stake in shares of Myers Industries during the second quarter worth approximately $989,000. Access Investment Management LLC acquired a new position in Myers Industries in the third quarter valued at approximately $879,000. Finally, Barclays PLC grew its holdings in Myers Industries by 464.7% during the 3rd quarter. Barclays PLC now owns 74,072 shares of the industrial products company’s stock worth $1,024,000 after acquiring an additional 60,954 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Myers Industries Trading Down 1.3 %

Shares of NYSE MYE opened at $12.04 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. Myers Industries, Inc. has a twelve month low of $10.35 and a twelve month high of $23.63. The company’s fifty day moving average is $11.61 and its 200-day moving average is $12.82. The stock has a market cap of $448.61 million, a price-to-earnings ratio of 28.67 and a beta of 1.22.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). The business had revenue of $205.07 million during the quarter. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. During the same period in the prior year, the business earned $0.38 EPS. Equities research analysts predict that Myers Industries, Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MYE. KeyCorp downgraded Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th. StockNews.com lowered Myers Industries from a “hold” rating to a “sell” rating in a research report on Tuesday.

Insider Buying and Selling

In other news, CEO Dave Basque purchased 5,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $12.41 per share, with a total value of $62,050.00. Following the purchase, the chief executive officer now directly owns 39,152 shares of the company’s stock, valued at $485,876.32. This trade represents a 14.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders acquired 19,500 shares of company stock valued at $232,575. 1.40% of the stock is owned by corporate insiders.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.