Man Group plc Acquires Shares of 108,888 Ryerson Holding $RYZ

Key Points

• Man Group initiated a position in Ryerson Holding by purchasing 108,888 shares valued at approximately $2.68 million, while institutional investors and hedge funds collectively own 94.81% of the company.
• Analyst sentiment remains cautious: Ryerson has two Hold ratings and one Sell rating, giving it a consensus rating of “Reduce,” despite upgrades from Zacks Research and Wall Street Zen.
• Ryerson reported quarterly EPS of $0.52, exceeding the $0.40 consensus estimate, and announced a quarterly dividend of $0.1875 per share, equivalent to a 3.0% annualized yield.

Man Group plc bought a new position in shares of Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,888 shares of the company's stock, valued at approximately $2,680,000. Man Group plc owned approximately 0.21% of Ryerson at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RYZ. State of Wyoming purchased a new stake in Ryerson during the 2nd quarter worth $185,000. Bank of New York Mellon Corp purchased a new position in Ryerson in the 2nd quarter valued at about $10,692,000. Deutsche Bank AG acquired a new stake in shares of Ryerson during the second quarter valued at about $1,273,000. BlackRock Inc. acquired a new stake in shares of Ryerson during the second quarter valued at about $120,378,000. Finally, Robotti Robert purchased a new stake in shares of Ryerson during the second quarter worth about $9,102,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on RYZ shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a report on Thursday, June 18th. Zacks Research upgraded Ryerson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Insider Buying and Selling at Ryerson

In other news, CAO Molly D. Kannan sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the transaction, the chief accounting officer directly owned 24,636 shares in the company, valued at approximately $739,080. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.58% of the company's stock.

Ryerson Stock Down 1.1%

Shares of NYSE RYZ opened at $25.04 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.21 and a quick ratio of 1.04. The company's 50 day moving average price is $27.19. Ryerson Holding has a 52-week low of $19.34 and a 52-week high of $32.00. The firm has a market capitalization of $1.30 billion, a PE ratio of -20.19 and a beta of 1.65.

Ryerson (NYSE:RYZ - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.40 by $0.12. The company had revenue of $2.01 billion during the quarter. Ryerson had a negative return on equity of 0.62% and a negative net margin of 0.56%.Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. On average, analysts anticipate that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.75 annualized dividend and a yield of 3.0%. Ryerson's payout ratio is presently -60.48%.

About Ryerson

Ryerson NYSE: RYZ is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.

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