Newbridge Financial Services Group Inc. Takes Position in Ryerson Holding Co. (NYSE:RYI)

Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson Holding Co. (NYSE:RYI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,900 shares of the basic materials company’s stock, valued at approximately $54,000.

Several other institutional investors have also recently added to or reduced their stakes in RYI. The Manufacturers Life Insurance Company lifted its position in shares of 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 valued at $305,000 after acquiring an additional 1,157 shares during the period. SG Americas Securities LLC bought a new stake in Ryerson in the third quarter valued at $108,000. Exchange Traded Concepts LLC acquired a new position in shares of Ryerson during the third quarter valued at about $304,000. Wedge Capital Management L L P NC boosted its position in shares of Ryerson by 28.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 52,744 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 11,720 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Ryerson in the 3rd quarter valued at about $56,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark S. Silver sold 9,000 shares of Ryerson stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total value 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 approximately $2,644,227.84. This trade represents a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.88% of the company’s stock.

Ryerson Stock Up 5.6 %

RYI stock opened at $23.56 on Tuesday. The stock’s 50 day simple moving average is $20.97 and its 200 day simple moving average is $21.16. The company has a market cap of $750.22 million, a P/E ratio of 38.62 and a beta of 1.59. 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 fifty-two week low of $17.18 and a fifty-two week high of $36.15.

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.