Barclays PLC Has $1.10 Million Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Barclays PLC boosted its stake in Ryerson Holding Co. (NYSE:RYI) by 167.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 55,330 shares of the basic materials company’s stock after buying an additional 34,604 shares during the period. Barclays PLC’s holdings in Ryerson were worth $1,101,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RYI. Victory Capital Management Inc. increased its position in Ryerson by 164.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock worth $22,906,000 after acquiring an additional 715,990 shares during the period. Bank of Montreal Can bought a new position in shares of Ryerson during the second quarter worth approximately $5,372,000. Charles Schwab Investment Management Inc. raised its position in shares of Ryerson by 31.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after buying an additional 203,314 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after buying an additional 97,556 shares during the period. Finally, JB Capital Partners LP grew its position in Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock worth $42,430,000 after buying an additional 82,313 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the 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 transaction, the executive vice president now owns 107,664 shares in the company, valued at approximately $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.88% of the stock is owned by insiders.

Ryerson Stock Performance

Shares of NYSE:RYI opened at $19.73 on Tuesday. The company’s 50 day simple moving average is $22.29 and its 200 day simple moving average is $21.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $36.15. The stock has a market capitalization of $628.34 million, a price-to-earnings ratio of 32.34 and a beta of 1.59.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) 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 in the prior year, the company earned $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.80%. Ryerson’s payout ratio is presently 122.95%.

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.