Jane Street Group LLC Buys 12,989 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Jane Street Group LLC grew its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,802 shares of the basic materials company's stock after purchasing an additional 12,989 shares during the period. Jane Street Group LLC owned about 0.37% of Radius Recycling worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Icon Advisers Inc. Co. boosted its stake in shares of Radius Recycling by 115.9% in the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock valued at $4,338,000 after purchasing an additional 153,000 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Radius Recycling in the 4th quarter valued at $4,199,000. JPMorgan Chase & Co. lifted its stake in shares of Radius Recycling by 92.5% in the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after acquiring an additional 76,702 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Radius Recycling by 5.1% in the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock valued at $2,030,000 after acquiring an additional 6,472 shares during the last quarter. Finally, Perpetual Ltd increased its stake in shares of Radius Recycling by 9.2% in the fourth quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company's stock valued at $2,008,000 after buying an additional 11,060 shares during the period. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Radius Recycling in a research note on Tuesday. They issued a "sell" rating for the company.

Radius Recycling Price Performance

Shares of Radius Recycling stock remained flat at $29.41 during trading on Wednesday. 511,462 shares of the company traded hands, compared to its average volume of 415,061. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.59. The stock has a market capitalization of $829.42 million, a PE ratio of -2.94 and a beta of 1.04. The firm's 50 day moving average is $29.14 and its 200-day moving average is $20.13.

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

Radius Recycling Dividend Announcement

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