AlphaQuest LLC cut its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 88.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,515 shares of the basic materials company's stock after selling 19,976 shares during the quarter. AlphaQuest LLC's holdings in Radius Recycling were worth $38,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Radius Recycling by 1.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company's stock worth $615,000 after acquiring an additional 610 shares in the last quarter. Quarry LP acquired a new stake in shares of Radius Recycling in the third quarter worth $32,000. Inceptionr LLC boosted its holdings in shares of Radius Recycling by 11.2% during the 4th quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company's stock worth $284,000 after buying an additional 1,883 shares during the period. Point72 DIFC Ltd acquired a new position in Radius Recycling in the 3rd quarter valued at $46,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Radius Recycling by 172.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company's stock worth $99,000 after acquiring an additional 3,394 shares during the period. Hedge funds and other institutional investors own 78.11% of the company's stock.
Radius Recycling Stock Performance
Shares of RDUS traded down $0.05 during trading hours on Monday, reaching $29.00. 776,990 shares of the company traded hands, compared to its average volume of 303,175. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The stock's fifty day moving average is $14.74 and its 200 day moving average is $16.41. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.38. The stock has a market cap of $816.50 million, a P/E ratio of -2.89 and a beta of 1.67.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company's revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned ($0.64) EPS. Equities research analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.
Radius Recycling Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling's dividend payout ratio (DPR) is presently -7.49%.
Wall Street Analysts Forecast Growth
RDUS has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 price target on the stock. StockNews.com downgraded Radius Recycling from a "hold" rating to a "sell" rating in a research report on Thursday, December 26th.
Get Our Latest Analysis on RDUS
Radius Recycling Company Profile
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Free Report)
Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.
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