The most recent report that Janney Montgomery Scott LLC has submitted to the Securities and Exchange Commission reveals that during the third quarter, the company increased its holdings in Ryerson Holding Co. (NYSE: RYI) by 95.5%. This information can be found in Janney Montgomery Scott LLC’s filing. This information is available in the filing that was made. Following the completion of the quarter, the company had a total of 54,992 shares of the Basic Materials Company’s stock in its possession. This was accomplished by acquiring an additional 26,870 shares of that company’s stock. Janney Montgomery Scott LLC held approximately 0.15% of Ryerson at the end of the most recent reporting period, valued at a total of $1,415,000.
Recently, several additional institutional investors have changed the proportion of their holdings allocated to the company. The State Street Corporation increased the percentage of Ryerson shares it owned by 204.1% during the first three months of 2018. State Street Corp. now has 925,521 shares of the basic materials company after purchasing an additional 621,219 shares during the most recent quarter. The company’s holdings in the basic materials business are currently valued at $32,412,000. Millennium Management LLC successfully achieved a 128.4% increase in the size of its holdings in Ryerson over the second quarter. Millennium Management LLC’s holdings in the basic materials company’s stock have increased to a total of 588,135 after the company made an additional purchase of 330,600 shares during the most recent fiscal quarter. The current value of these shares, when traded on the market, is $12,521,000. Cambria Investment Management L.P. purchased a new interest in Ryerson for a total investment of approximately $5,352,000 during the year’s second quarter. Goldman Sachs Group Inc. increased the amount of Ryerson stock owned by 377.9% over the second quarter. After purchasing 243,398 additional shares during the most recent fiscal quarter, Goldman Sachs Group Inc. now holds a total of 307,803 shares of the stock held by the basic materials company. The value of these shares is $6,553,000. And finally, during the second quarter, Deutsche Bank AG saw a rise of 2,579.2% in the number of Ryerson shares it owned, thanks to the company’s investment. Deutsche Bank AG now holds 252,597 shares of the basic materials company, valued at $5,378,000, following the acquisition of an additional 243,169 shares during the most recent quarter. Institutions have a stake in the company equaling 92.59% of the total equity they hold.
On Tuesday, the RYI stock was traded for $33.12 per share for the first time. There is a ratio of 1.09 for the quick ratio, 2.41 for the current ratio, and 0.52 for the debt-to-equity ratio. These numbers represent the liquidity ratios of the company. Ryerson Holding Company’s share price ranged from $17.90 to $44.09 over the previous year. During that same period, the share price was at its lowest at $17.90. A simple moving average of $29.80 has been calculated for the company over the past 50 days, and a simple moving average of $28.38 has been calculated over the last 200 days. The company’s market capitalization is $1.23 billion, and its price-to-earnings ratio stands at 2.46. The beta value of the company is 1.66.
On November 2, Ryerson (NYSE: RYI) presented its shareholders with the most recent quarterly results report that the company had available. The earnings per share for the quarter reported by Ryerson, a company that deals in basic materials, came in at $1.48, which was $0.99 less than the average estimate of $2.47 that market experts compiled. The return on equity for Ryerson was 71.19%, and the net margin for the company was 7.94%. Even though market observers anticipated that the company would bring in sales of $1.49 billion for the quarter, it brought in sales of $1.54 billion. According to the projections of equity market analysts, Ryerson Holding Company will bring in 11.85 cents per share in profits during the current financial year.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15. In addition, the company just recently announced and distributed a dividend. On Thursday, December 1, dividend payments to shareholders whose information was already on record were sent.