Myers Industries, Inc. (NYSE:MYE) Shares Bought by Access Investment Management LLC

Access Investment Management LLC lifted its stake in shares of Myers Industries, Inc. (NYSE:MYE) by 75.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 111,315 shares of the industrial products company’s stock after purchasing an additional 47,710 shares during the period. Access Investment Management LLC’s holdings in Myers Industries were worth $1,229,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MYE. Versor Investments LP purchased a new stake in Myers Industries during the third quarter worth about $218,000. GSA Capital Partners LLP purchased a new stake in shares of Myers Industries during the 3rd quarter worth approximately $246,000. Victory Capital Management Inc. grew its holdings in shares of Myers Industries by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,034,125 shares of the industrial products company’s stock worth $14,292,000 after acquiring an additional 11,434 shares during the period. Metis Global Partners LLC purchased a new position in Myers Industries in the 3rd quarter valued at approximately $192,000. Finally, Quest Partners LLC acquired a new position in Myers Industries during the third quarter worth $150,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

MYE has been the topic of several research reports. StockNews.com lowered Myers Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. KeyCorp lowered shares of Myers Industries from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th.

Insider Activity at Myers Industries

In other news, CEO Dave Basque bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $12.41 per share, with a total value of $62,050.00. Following the purchase, the chief executive officer now owns 39,152 shares of the company’s stock, valued at $485,876.32. This trade represents a 14.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 19,500 shares of company stock valued at $232,575. 1.40% of the stock is owned by corporate insiders.

Myers Industries Stock Down 6.0 %

MYE stock opened at $11.28 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11. The company’s 50 day simple moving average is $11.68 and its 200-day simple moving average is $12.55. Myers Industries, Inc. has a 12 month low of $10.35 and a 12 month high of $23.63. The firm has a market capitalization of $420.11 million, a PE ratio of 26.85 and a beta of 1.23.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.