185,470 Ryerson Holding $RYZ Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its holdings in Ryerson Holding (NYSE:RYZ) by 660.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,566 shares of the company’s stock after purchasing an additional 185,470 shares during the quarter. CenterBook Partners LP’s holdings in Ryerson were worth $5,032,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Ryerson during the second quarter valued at approximately $120,378,000. Platinum Equity Advisors LLC DE bought a new position in Ryerson in the second quarter worth approximately $96,581,404. JB Capital Partners LP purchased a new stake in Ryerson during the second quarter worth $69,869,242. State Street Corp purchased a new stake in Ryerson during the second quarter worth $54,285,000. Finally, Donald Smith & CO. Inc. bought a new stake in Ryerson during the 2nd quarter valued at $49,036,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Stock Performance

NYSE RYZ traded up $0.93 on Friday, hitting $27.51. 954,224 shares of the company’s stock traded hands, compared to its average volume of 460,028. The firm’s 50-day moving average price is $26.49 and its two-hundred day moving average price is $26.55. The firm has a market capitalization of $1.42 billion, a PE ratio of -161.80 and a beta of 1.50. The company has a current ratio of 2.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76. Ryerson Holding has a 1-year low of $19.34 and a 1-year high of $33.72.

Ryerson (NYSE:RYZ) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.22. Ryerson had a net margin of 0.21% and a return on equity of 3.48%. The firm had revenue of $2.18 billion for the quarter. As a group, analysts expect that Ryerson Holding will post 1.85 EPS for the current year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 3rd. Ryerson’s dividend payout ratio is presently -441.18%.

Insider Activity

In other Ryerson news, CEO Edward J. Lehner sold 21,968 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $31.22, for a total transaction of $685,840.96. Following the sale, the chief executive officer directly owned 623,596 shares of the company’s stock, valued at approximately $19,468,667.12. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew S. Greiff sold 3,000 shares of Ryerson stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $32.10, for a total value of $96,300.00. Following the transaction, the executive vice president owned 30,975 shares of the company’s stock, valued at $994,297.50. The trade was a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RYZ has been the topic of a number of analyst reports. Weiss Ratings upgraded Ryerson from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, October 30th. Zacks Research raised Ryerson from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, Wall Street Zen raised shares of Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ryerson Profile

Ryerson Holding Corporation is a value-added processor and distributor of industrial metals. The company supplies carbon steel, stainless steel, aluminum, nickel, and copper products to manufacturers and other industrial customers, offering materials in forms such as sheets, plates, coils, bars, tubes, and structural products.

In addition to distributing metals, Ryerson provides processing and fabrication services designed to prepare materials for customer specifications. These services include cutting, slitting, sawing, forming, machining, and other methods that help customers manage their material requirements and supply chains.

Founded in Chicago in 1842 by Joseph T.