Icon Advisers Inc. Co. raised its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 115.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,000 shares of the basic materials company's stock after purchasing an additional 153,000 shares during the quarter. Radius Recycling comprises 1.0% of Icon Advisers Inc. Co.'s holdings, making the stock its 28th biggest position. Icon Advisers Inc. Co. owned approximately 1.01% of Radius Recycling worth $4,338,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in Radius Recycling by 15.7% in the 4th quarter. Barclays PLC now owns 67,523 shares of the basic materials company's stock worth $1,027,000 after acquiring an additional 9,186 shares during the last quarter. Invesco Ltd. raised its position in Radius Recycling by 1.3% during the 4th quarter. Invesco Ltd. now owns 110,932 shares of the basic materials company's stock worth $1,688,000 after buying an additional 1,473 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Radius Recycling by 16.5% during the 4th quarter. Wells Fargo & Company MN now owns 20,986 shares of the basic materials company's stock valued at $319,000 after acquiring an additional 2,968 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Radius Recycling during the 4th quarter valued at approximately $1,964,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Radius Recycling by 24.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 42,744 shares of the basic materials company's stock valued at $651,000 after acquiring an additional 8,406 shares during the last quarter. Hedge funds and other institutional investors own 78.11% of the company's stock.
Radius Recycling Stock Performance
Shares of NASDAQ:RDUS traded up $0.01 during trading on Friday, hitting $29.11. 533,956 shares of the stock traded hands, compared to its average volume of 376,394. 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 company has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $18.26. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.20. The company has a market cap of $820.96 million, a price-to-earnings ratio of -2.91 and a beta of 1.07.
Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, beating analysts' consensus estimates 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. As a group, equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.
Radius Recycling Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be paid a dividend of $0.1875 per share. The ex-dividend date is Monday, April 21st. This represents a $0.75 annualized dividend and a yield of 2.58%. Radius Recycling's dividend payout ratio (DPR) is currently -7.52%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Radius Recycling in a research report on Friday. They set a "sell" rating for the company.
Check Out Our Latest Stock Report on RDUS
Radius Recycling Company Profile
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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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