129,062 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 129,062 shares of the basic materials company's stock, valued at approximately $1,964,000. Massachusetts Financial Services Co. MA owned 0.46% of Radius Recycling as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Radius Recycling in the 3rd quarter valued at about $32,000. Point72 DIFC Ltd bought a new stake in Radius Recycling in the third quarter valued at approximately $46,000. SG Americas Securities LLC acquired a new stake in Radius Recycling in the fourth quarter worth $140,000. Centiva Capital LP bought a new position in shares of Radius Recycling during the third quarter worth $193,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Radius Recycling during the fourth quarter worth $160,000. Institutional investors own 78.11% of the company's stock.

Radius Recycling Stock Down 0.0 %

Shares of RDUS traded down $0.01 during midday trading on Monday, hitting $29.07. The stock had a trading volume of 43,310 shares, compared to its average volume of 368,975. The firm has a market cap of $818.33 million, a price-to-earnings ratio of -2.90 and a beta of 1.07. The company has a 50 day simple moving average of $20.40 and a two-hundred day simple moving average of $17.89. Radius Recycling, Inc. has a twelve month low of $10.57 and a twelve month high of $29.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97.

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

Radius Recycling Announces Dividend

The firm 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 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st. Radius Recycling's payout ratio is -7.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Radius Recycling in a report on Thursday. They set a "sell" rating on the stock.

Radius Recycling Company 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.