Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,212 shares of the basic materials company's stock after selling 20,158 shares during the quarter. American Century Companies Inc. owned about 2.22% of Radius Recycling worth $9,516,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RDUS. Quarry LP purchased a new position in Radius Recycling during the third quarter worth approximately $32,000. Point72 DIFC Ltd purchased a new position in shares of Radius Recycling during the 3rd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Radius Recycling by 172.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company's stock valued at $99,000 after acquiring an additional 3,394 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Radius Recycling in the fourth quarter valued at about $140,000. Finally, Centiva Capital LP acquired a new stake in Radius Recycling during the third quarter worth about $193,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a report on Wednesday, April 2nd. They issued a "sell" rating on the stock.

Radius Recycling Trading Down 0.8 %

NASDAQ:RDUS traded down $0.23 on Monday, reaching $28.71. The company's stock had a trading volume of 2,929,771 shares, compared to its average volume of 347,693. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.20. The stock has a 50 day moving average price of $18.39 and a 200 day moving average price of $17.43. The firm has a market cap of $808.33 million, a price-to-earnings ratio of -2.87 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. On average, equities analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) is -7.52%.

Radius Recycling Profile

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.