Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Sprott Inc.

Sprott Inc. reduced its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 46.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 160,000 shares of the basic materials company’s stock after selling 140,000 shares during the quarter. Sprott Inc.’s holdings in Radius Recycling were worth $2,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of RDUS. E. Ohman J or Asset Management AB boosted its stake in Radius Recycling by 29.9% in 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 acquiring an additional 22,700 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Radius Recycling by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock worth $1,537,000 after purchasing an additional 33,298 shares during the last quarter. Jane Street Group LLC boosted its position in Radius Recycling by 62.9% during 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 purchasing an additional 35,073 shares during the period. Barclays PLC grew its stake 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 buying an additional 35,568 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after buying an additional 36,618 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Radius Recycling Stock Down 0.1 %

RDUS opened at $13.21 on Wednesday. The stock’s 50 day moving average price is $13.31 and its 200 day moving average price is $15.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The stock has a market cap of $371.93 million, a P/E ratio of -1.32 and a beta of 1.60. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $24.42.

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

Radius Recycling Announces Dividend

The business also recently declared 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 was Monday, February 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.68%. Radius Recycling’s dividend payout ratio (DPR) is -7.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RDUS shares. StockNews.com downgraded shares of Radius Recycling from a “hold” rating to a “sell” rating in a report on Thursday, December 26th. The Goldman Sachs Group started 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.

About Radius Recycling

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.