Hantz Financial Services Inc. Has $547,000 Stake in Ryerson Holding Co. (NYSE:RYI)

Hantz Financial Services Inc. lessened its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 10.0% during the third quarter, Holdings Channel reports. The fund owned 27,477 shares of the basic materials company’s stock after selling 3,056 shares during the quarter. Hantz Financial Services Inc.’s holdings in Ryerson were worth $547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ryerson by 10.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,808 shares of the basic materials company’s stock worth $1,211,000 after purchasing an additional 5,773 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ryerson by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company’s stock valued at $730,000 after buying an additional 8,688 shares in the last quarter. FMR LLC raised its stake in Ryerson by 159.7% during the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after buying an additional 4,704 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $16,874,000 after acquiring an additional 203,314 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Ryerson in the third quarter valued at approximately $207,000. 94.81% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark S. Silver sold 9,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were 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 owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.88% of the company’s stock.

Ryerson Price Performance

Shares of RYI opened at $25.70 on Monday. The business’s fifty day moving average is $22.46 and its 200 day moving average is $21.44. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.20. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $818.55 million, a P/E ratio of 42.13 and a beta of 1.54.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The business 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 quarter last year, the business earned $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s dividend payout ratio (DPR) 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.