Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 67.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,919 shares of the basic materials company's stock after purchasing an additional 33,298 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of Radius Recycling worth $1,537,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in Radius Recycling by 62.9% in the 3rd quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company's stock valued at $1,684,000 after purchasing an additional 35,073 shares in the last quarter. Barclays PLC lifted its stake in shares of Radius Recycling by 156.2% in the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock worth $1,081,000 after buying an additional 35,568 shares in the last quarter. Geode Capital Management LLC boosted its position in Radius Recycling by 6.0% during the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company's stock worth $11,936,000 after acquiring an additional 36,618 shares during the last quarter. FMR LLC boosted its holdings in shares of Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock worth $17,638,000 after purchasing an additional 182,435 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Radius Recycling in the second quarter valued at approximately $30,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Radius Recycling Stock Down 3.0 %

Shares of RDUS stock traded down $0.39 during trading on Friday, reaching $12.49. The company's stock had a trading volume of 174,563 shares, compared to its average volume of 355,944. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $27.70. The stock's 50-day moving average price is $16.32 and its 200 day moving average price is $16.55. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The company has a market capitalization of $351.66 million, a price-to-earnings ratio of -1.25 and a beta of 1.64.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The business had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The company's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.64) earnings per share. On average, research analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.00%. Radius Recycling's dividend payout ratio (DPR) is presently -7.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Radius Recycling from a "hold" rating to a "sell" rating in a report on Thursday, December 26th. The Goldman Sachs Group initiated coverage on Radius Recycling in a research report on Monday, December 2nd. They issued a "neutral" rating and a $22.00 target price on the stock.

Insider Transactions at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the business's stock in a transaction on 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 directly owns 133,780 shares of the company's stock, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.90% of the company's stock.

About Radius Recycling

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.