Cubist Systematic Strategies LLC Acquires 129,086 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Cubist Systematic Strategies LLC grew its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 447.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,929 shares of the basic materials company's stock after buying an additional 129,086 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.56% of Radius Recycling worth $2,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Radius Recycling by 15.7% in the 4th quarter. Barclays PLC now owns 67,523 shares of the basic materials company's stock valued at $1,027,000 after buying an additional 9,186 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Radius Recycling in the 4th quarter valued at $1,342,000. E. Ohman J or Asset Management AB grew its holdings in shares of Radius Recycling by 29.9% in the 4th 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 during the period. JPMorgan Chase & Co. grew 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 valued at $1,537,000 after buying an additional 33,298 shares during the period. Finally, PEAK6 LLC acquired a new position in shares of Radius Recycling in the 4th quarter valued at $262,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Radius Recycling in a report on Monday. They issued a "sell" rating for the company.

Radius Recycling Price Performance

Shares of NASDAQ RDUS opened at $29.34 on Monday. The firm has a market cap of $827.45 million, a PE ratio of -2.93 and a beta of 1.04. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.72. The company has a fifty day moving average price of $26.89 and a 200 day moving average price of $19.46.

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

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, April 21st. Radius Recycling's payout ratio is presently -7.52%.

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.

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