Radius Recycling, Inc. (NASDAQ:RDUS) Stock Position Decreased by Sprott Inc.

Sprott Inc. trimmed its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,000 shares of the basic materials company's stock after selling 140,000 shares during the period. Sprott Inc. owned approximately 0.57% of Radius Recycling worth $2,435,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RDUS. E. Ohman J or Asset Management AB boosted its stake in 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 valued at $1,501,000 after buying an additional 22,700 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Radius Recycling by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company's stock valued at $1,537,000 after buying an additional 33,298 shares in the last quarter. Jane Street Group LLC boosted its stake in Radius Recycling by 62.9% during the third quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company's stock valued at $1,684,000 after buying an additional 35,073 shares in the last quarter. Barclays PLC boosted its stake in Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock valued at $1,081,000 after buying an additional 35,568 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $11,936,000 after buying an additional 36,618 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Radius Recycling in a research note on Monday, December 2nd. They set a "neutral" rating and a $22.00 target price for the company. StockNews.com lowered Radius Recycling from a "hold" rating to a "sell" rating in a research report on Thursday, December 26th.

Radius Recycling Trading Up 2.5 %

Shares of NASDAQ:RDUS traded up $0.34 during midday trading on Friday, reaching $13.83. The company had a trading volume of 1,344,293 shares, compared to its average volume of 304,110. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $21.43. The firm has a market cap of $389.38 million, a price-to-earnings ratio of -1.38 and a beta of 1.60. The company has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $15.87.

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

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.42%. Radius Recycling's payout ratio is presently -7.49%.

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.