158,766 Shares in REalloys Inc $ALOY Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 158,766 REalloys shares worth approximately $2.29 million, representing about 0.23% of the company. Institutional investors collectively own 3.58% of ALOY.
• Analyst sentiment is mixed but leans positive: REalloys has a “Moderate Buy” consensus rating and a $16 average price target, although Needham lowered its target from $19 to $16.
• REalloys reported a quarterly loss of $0.59 per share on $0.8 million in revenue. The stock opened at $10.10, while the company posted sharply negative profitability metrics, including a net margin of -5,145.12%.

Bank of New York Mellon Corp bought a new position in shares of REalloys Inc (NASDAQ:ALOY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 158,766 shares of the company's stock, valued at approximately $2,294,000. Bank of New York Mellon Corp owned about 0.23% of REalloys at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALOY. State of Wyoming bought a new position in shares of REalloys in the second quarter worth about $47,000. Corient Private Wealth LLC bought a new position in REalloys during the second quarter valued at about $62,000. Geode Capital Management LLC increased its stake in REalloys by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 26,267 shares of the company's stock valued at $213,000 after acquiring an additional 1,422 shares during the period. Finally, Franklin Resources Inc. bought a new stake in REalloys in the 4th quarter valued at $741,000. Institutional investors and hedge funds own 3.58% of the company's stock.

Analysts Set New Price Targets

ALOY has been the topic of several recent research reports. Wall Street Zen upgraded shares of REalloys from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings raised REalloys from a "sell (e)" rating to a "sell (d-)" rating in a report on Thursday, June 18th. Finally, Needham & Company LLC lowered their price objective on REalloys from $19.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, REalloys has an average rating of "Moderate Buy" and a consensus price target of $16.00.

REalloys Stock Performance

ALOY opened at $10.10 on Tuesday. The firm's 50-day simple moving average is $11.02 and its 200-day simple moving average is $11.96. REalloys Inc has a twelve month low of $5.92 and a twelve month high of $26.90. The firm has a market cap of $701.14 million, a price-to-earnings ratio of -3.20 and a beta of 1.37.

REalloys (NASDAQ:ALOY - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.59) earnings per share (EPS) for the quarter. The firm had revenue of $0.80 million for the quarter. REalloys had a negative net margin of 5,145.12% and a negative return on equity of 192.93%.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.

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