Teton Advisors Inc. has reduced its stock holdings in Myers Industries, Inc. (NYSE:MYE) by 14.5% during the fourth quarter, selling 96,000 shares. Myers Industries accounts for approximately 3.6% of Teton Advisors Inc.'s portfolio, making it the second-largest holding. The fund owned 567,870 shares of Myers Industries' stock, valued at $11,102,000. Other hedge funds have also recently bought and sold shares of MYE.
Myers Industries' stock is currently trading at $22.22, with a 50-day moving average of $20.45 and a 200-day moving average of $18.89. The company reported $0.29 earnings per share for the last quarter, beating the consensus estimate of $0.26. Myers Industries paid a quarterly dividend of $0.135 per share on April 4th, with an annualized dividend yield of 2.43%. Analysts expect the company to post 1.38 earnings per share for the current year. [412cc5d5]