Thrivent Financial for Lutherans Lowers Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Thrivent Financial for Lutherans decreased its holdings in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,084 shares of the basic materials company's stock after selling 19,724 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of Radius Recycling worth $230,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock worth $17,638,000 after purchasing an additional 182,435 shares during the period. BNP Paribas Financial Markets lifted its stake in Radius Recycling by 87.0% in the third quarter. BNP Paribas Financial Markets now owns 12,502 shares of the basic materials company's stock worth $232,000 after acquiring an additional 5,815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in 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 acquiring an additional 3,394 shares during the last quarter. Centiva Capital LP acquired a new position in Radius Recycling during the 3rd quarter worth approximately $193,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Radius Recycling in the 3rd quarter valued at approximately $46,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Radius Recycling Stock Performance

Shares of RDUS stock traded up $0.59 during mid-day trading on Wednesday, hitting $29.12. 2,491,870 shares of the stock were exchanged, compared to its average volume of 363,870. The stock's fifty day simple moving average is $19.72 and its two-hundred day simple moving average is $17.75. 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 12-month low of $10.57 and a 12-month high of $29.20. The stock has a market capitalization of $819.87 million, a price-to-earnings ratio of -2.91 and a beta of 1.07.

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

Radius Recycling Dividend Announcement

The firm also recently disclosed 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. This represents a $0.75 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, April 21st. Radius Recycling's payout ratio is currently -7.52%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Radius Recycling in a research note on Wednesday, April 2nd. They issued 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.