Massachusetts Financial Services Co. MA Has $1.47 Million Position in Ryerson Holding Co. (NYSE:RYI)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 73,557 shares of the basic materials company’s stock after selling 1,782 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Ryerson were worth $1,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RYI. SummerHaven Investment Management LLC grew its stake 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 worth $343,000 after purchasing an additional 636 shares during the period. Point72 DIFC Ltd grew its position in shares of Ryerson by 16.7% during the 2nd 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 period. Price T Rowe Associates Inc. MD increased its stake in shares of Ryerson by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company’s stock valued at $455,000 after acquiring an additional 977 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ryerson by 7.9% in the 2nd 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 period. Finally, The Manufacturers Life Insurance Company boosted its stake in Ryerson by 8.0% during 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 during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ryerson Stock Down 0.3 %

Shares of NYSE:RYI opened at $25.50 on Thursday. The company has a 50 day moving average price of $22.23 and a two-hundred day moving average price of $21.39. 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 company has a market capitalization of $812.18 million, a PE ratio of 41.80 and a beta of 1.54. Ryerson Holding Co. has a 52 week low of $17.57 and a 52 week high of $36.20.

Ryerson (NYSE:RYI) last released its quarterly earnings data 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 net margin of 0.46% and a return on equity of 2.66%. The firm had revenue of $1.13 billion during the quarter. During the same period in the prior year, the company posted $1.00 EPS.

Ryerson Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 2.94%. Ryerson’s payout ratio is 122.95%.

Insider Buying and Selling

In other news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the sale, the executive vice president now owns 107,664 shares of the company’s stock, valued at $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 available at this hyperlink. 3.88% of the stock is owned by company 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.