Hantz Financial Services Inc. Sells 3,056 Shares of Ryerson Holding Co. (NYSE:RYI)

Hantz Financial Services Inc. reduced its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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. owned 0.09% of Ryerson worth $547,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. SummerHaven Investment Management LLC raised its stake in 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 acquiring an additional 636 shares in the last quarter. Point72 DIFC Ltd increased its position in 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 purchasing an additional 837 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 977 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ryerson by 7.9% in the second quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock valued at $266,000 after buying an additional 1,003 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Ryerson by 8.0% during 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. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Stock Up 0.8 %

Shares of RYI opened at $25.70 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. Ryerson Holding Co. has a 52 week low of $17.57 and a 52 week high of $36.20. The stock has a market capitalization of $818.55 million, a price-to-earnings ratio of 42.13 and a beta of 1.54. The stock has a fifty day moving average of $22.46 and a 200-day moving average of $21.44.

Ryerson (NYSE:RYI) last released its quarterly earnings results 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 business had revenue of $1.13 billion for 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 firm earned $1.00 earnings per share.

Ryerson Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s dividend payout ratio is presently 122.95%.

Insider Buying and Selling at Ryerson

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 directly owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.88% of the company’s stock.

Ryerson 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.