Jane Street Group LLC increased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,802 shares of the basic materials company's stock after buying an additional 12,989 shares during the quarter. Jane Street Group LLC owned 0.37% of Radius Recycling worth $1,580,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Icon Advisers Inc. Co. raised its stake in Radius Recycling by 115.9% during the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after buying an additional 153,000 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Radius Recycling in the 4th quarter valued at about $4,199,000. JPMorgan Chase & Co. raised 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 purchasing an additional 76,702 shares during the period. Empowered Funds LLC increased its position in shares of Radius Recycling by 5.1% in the fourth 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 position 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 acquiring an additional 11,060 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Radius Recycling in a research report on Tuesday. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Report on Radius Recycling
Radius Recycling Stock Performance
NASDAQ RDUS traded up $0.18 during trading on Friday, reaching $29.61. 948,254 shares of the company's stock were exchanged, compared to its average volume of 420,593. The business has a 50 day moving average price of $29.16 and a 200-day moving average price of $20.30. The stock has a market capitalization of $835.06 million, a P/E ratio of -2.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.65.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Sell-side analysts forecast that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.
Radius Recycling Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Monday, April 21st. Radius Recycling's dividend payout ratio (DPR) is presently -7.52%.
About Radius Recycling
(
Free Report)
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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