Charles Schwab Investment Management Inc. Has $5.18 Million Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Charles Schwab Investment Management Inc. decreased its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,284 shares of the basic materials company's stock after selling 119,558 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Radius Recycling worth $5,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new position in Radius Recycling in the 3rd quarter worth $32,000. Point72 DIFC Ltd acquired a new stake in shares of Radius Recycling in the third quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Radius Recycling by 172.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company's stock worth $99,000 after purchasing an additional 3,394 shares during the period. SG Americas Securities LLC acquired a new position in shares of Radius Recycling during the 4th quarter worth about $140,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Radius Recycling during the 4th quarter valued at approximately $160,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RDUS shares. StockNews.com initiated coverage on Radius Recycling in a report on Tuesday. They set a "sell" rating for the company. The Goldman Sachs Group assumed coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They set a "neutral" rating and a $22.00 target price for the company.

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Radius Recycling Stock Performance

RDUS traded down $0.10 on Friday, hitting $28.98. 983,314 shares of the stock traded hands, compared to its average volume of 318,774. The business has a fifty day moving average price of $16.46 and a two-hundred day moving average price of $16.90. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $815.93 million, a PE ratio of -2.89 and a beta of 1.67. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.18.

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 analysts' consensus estimates of ($0.66) by ($0.67). The firm had revenue of $656.54 million for the quarter, compared to the consensus estimate of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.64) earnings per share. On average, research analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Monday, February 3rd. Radius Recycling's payout ratio is -7.49%.

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.