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Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Charles Schwab Investment Management Inc.

Radius Recycling logo with Business Services background

Charles Schwab Investment Management Inc. decreased its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 21.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459,842 shares of the basic materials company's stock after selling 126,843 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.64% of Radius Recycling worth $8,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its holdings in Radius Recycling by 2.9% in the second quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company's stock valued at $8,623,000 after purchasing an additional 16,162 shares during the period. Acadian Asset Management LLC grew its stake in Radius Recycling by 4.7% in the 2nd quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company's stock valued at $5,267,000 after acquiring an additional 15,644 shares during the period. Empowered Funds LLC grew its stake in Radius Recycling by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 126,884 shares of the basic materials company's stock valued at $2,352,000 after acquiring an additional 6,432 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Radius Recycling by 78.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company's stock valued at $1,483,000 after acquiring an additional 42,636 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Radius Recycling in the 2nd quarter valued at $1,213,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Trading Down 1.1 %

Radius Recycling stock traded down $0.20 during trading on Wednesday, reaching $18.82. 316,720 shares of the company were exchanged, compared to its average volume of 219,078. The stock's 50 day simple moving average is $18.40 and its two-hundred day simple moving average is $16.81. The company has a market capitalization of $527.69 million, a P/E ratio of -2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. Radius Recycling, Inc. has a 52-week low of $12.69 and a 52-week high of $31.70.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to analysts' expectations of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities research analysts expect that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 3.99%. Radius Recycling's payout ratio is -8.01%.

Insider Activity at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares of the company's stock, valued at $2,284,962.40. This represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RDUS shares. The Goldman Sachs Group started coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price on the stock. StockNews.com upgraded Radius Recycling from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th.

Check Out Our Latest Stock Report on Radius Recycling

Radius Recycling Company Profile

(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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Institutional Ownership by Quarter for Radius Recycling (NASDAQ:RDUS)

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