Signaturefd LLC Sells 894 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Signaturefd LLC reduced its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 21.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,198 shares of the basic materials company’s stock after selling 894 shares during the quarter. Signaturefd LLC’s holdings in Radius Recycling were worth $49,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RDUS. Public Employees Retirement System of Ohio lifted its holdings in Radius Recycling by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock valued at $615,000 after buying an additional 610 shares during the period. Quarry LP bought a new stake in shares of Radius Recycling during the 3rd quarter valued at $32,000. Inceptionr LLC lifted its stake in shares of Radius Recycling by 11.2% in the 4th quarter. Inceptionr LLC now owns 18,645 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 1,883 shares during the period. Point72 DIFC Ltd bought a new position in shares of Radius Recycling in the 3rd quarter worth $46,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Radius Recycling by 172.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 3,394 shares during the period. Institutional investors own 78.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RDUS. StockNews.com initiated coverage on Radius Recycling in a report on Tuesday. They set a “sell” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective on the stock.

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $29.00 on Tuesday. The stock’s fifty day simple moving average is $15.09 and its 200 day simple moving average is $16.51. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $816.50 million, a PE ratio of -2.89 and a beta of 1.67. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $29.16.

Radius Recycling (NASDAQ:RDUS) last released 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). Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $656.54 million for the quarter, compared to analyst estimates of $665.90 million. During the same period in the prior 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. On average, research analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, February 3rd. Radius Recycling’s dividend payout ratio is -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.