Bridgeway Capital Management LLC Cuts Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Bridgeway Capital Management LLC decreased its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,156 shares of the basic materials company's stock after selling 87,796 shares during the period. Bridgeway Capital Management LLC owned about 0.80% of Radius Recycling worth $3,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Balyasny Asset Management L.P. bought a new position in Radius Recycling in the 4th quarter valued at approximately $336,000. Bank of America Corp DE lifted its stake in Radius Recycling by 15.8% in the 4th quarter. Bank of America Corp DE now owns 81,801 shares of the basic materials company's stock valued at $1,245,000 after purchasing an additional 11,191 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Radius Recycling by 225.3% in the 4th quarter. BNP Paribas Financial Markets now owns 40,673 shares of the basic materials company's stock valued at $619,000 after purchasing an additional 28,171 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Radius Recycling by 17.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company's stock valued at $38,039,000 after purchasing an additional 377,212 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Radius Recycling by 67.5% in the 4th quarter. Algert Global LLC now owns 83,292 shares of the basic materials company's stock valued at $1,268,000 after purchasing an additional 33,578 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Trading Up 0.1%

Shares of RDUS stock traded up $0.04 during trading hours on Monday, hitting $29.38. 427,160 shares of the company's stock traded hands, compared to its average volume of 404,292. Radius Recycling, Inc. has a 12 month low of $10.57 and a 12 month high of $29.72. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The stock's 50 day simple moving average is $26.89 and its 200 day simple moving average is $19.46. The stock has a market cap of $828.57 million, a PE ratio of -2.93 and a beta of 1.04.

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

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were issued a $0.1875 dividend. The ex-dividend date was Monday, April 21st. This represents a $0.75 annualized dividend and a yield of 2.55%. Radius Recycling's payout ratio is currently -7.52%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a research note on Monday. They set a "sell" rating for the company.

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.