Russell Investments Group Ltd. Reduces Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Russell Investments Group Ltd. cut its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,114 shares of the basic materials company's stock after selling 23,319 shares during the period. Russell Investments Group Ltd. owned about 0.58% of Radius Recycling worth $2,498,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of RDUS. Proficio Capital Partners LLC purchased a new position in shares of Radius Recycling during the fourth quarter worth approximately $1,342,000. E. Ohman J or Asset Management AB boosted its stake in shares of Radius Recycling by 29.9% during the fourth quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company's stock worth $1,501,000 after buying an additional 22,700 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Radius Recycling by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company's stock worth $1,537,000 after buying an additional 33,298 shares during the last quarter. Jane Street Group LLC increased its position 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 acquiring an additional 35,073 shares during the period. Finally, Barclays PLC lifted its position in Radius Recycling by 156.2% during the 3rd quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock worth $1,081,000 after acquiring an additional 35,568 shares during the period. Institutional investors and hedge funds own 78.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Radius Recycling in a report on Friday, April 18th. They set a "sell" rating for the company.

Radius Recycling Stock Performance

Shares of RDUS stock traded up $0.14 during trading hours on Wednesday, reaching $29.02. 200,992 shares of the company's stock were exchanged, compared to its average volume of 381,100. 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, Inc. has a 1 year low of $10.57 and a 1 year high of $29.25. The company has a market cap of $818.42 million, a P/E ratio of -2.90 and a beta of 1.07. The company's 50 day moving average is $22.71 and its two-hundred day moving average is $18.41.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. The company 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%. Equities research analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 21st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) is -7.52%.

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.