Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 52.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,331 shares of the basic materials company's stock after selling 42,025 shares during the period. Trexquant Investment LP owned about 0.14% of Radius Recycling worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new position in Radius Recycling in the fourth quarter valued at $4,199,000. Proficio Capital Partners LLC acquired a new stake in shares of Radius Recycling in the fourth quarter worth approximately $1,342,000. JPMorgan Chase & Co. lifted its holdings in Radius Recycling by 92.5% in the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after purchasing an additional 76,702 shares in the last quarter. Geode Capital Management LLC increased its holdings in Radius Recycling by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company's stock valued at $11,936,000 after purchasing an additional 36,618 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Radius Recycling by 156.2% during 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 during the period. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Stock Up 0.0 %

Shares of Radius Recycling stock traded up $0.01 during trading hours on Friday, hitting $29.11. The company had a trading volume of 533,956 shares, compared to its average volume of 376,010. The company's 50-day moving average is $21.73 and its two-hundred day moving average is $18.19. The company has a market cap of $820.96 million, a P/E ratio of -2.91 and a beta of 1.07. 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 issued its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. The business had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share 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. Shareholders of record on Monday, April 21st will be given a dividend of $0.1875 per share. The ex-dividend date is Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a yield of 2.58%. Radius Recycling's payout ratio is -7.52%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Radius Recycling in a research note on Friday. They set a "sell" rating on the stock.

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.