JPMorgan Chase & Co. Acquires 76,702 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

JPMorgan Chase & Co. grew its holdings in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 92.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,621 shares of the basic materials company's stock after acquiring an additional 76,702 shares during the period. JPMorgan Chase & Co. owned about 0.57% of Radius Recycling worth $2,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in RDUS. SG Americas Securities LLC bought a new stake in shares of Radius Recycling in the fourth quarter worth about $140,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Radius Recycling in the fourth quarter worth about $160,000. Trium Capital LLP increased its holdings in shares of Radius Recycling by 41.8% in the fourth quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company's stock worth $203,000 after purchasing an additional 3,925 shares during the last quarter. Versor Investments LP bought a new stake in shares of Radius Recycling in the fourth quarter worth about $236,000. Finally, Quantbot Technologies LP bought a new stake in shares of Radius Recycling in the fourth quarter worth about $238,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Radius Recycling in a report on Saturday. They issued a "sell" rating on the stock.

Radius Recycling Trading Up 0.8 %

NASDAQ RDUS traded up $0.22 during trading hours on Tuesday, hitting $29.44. 1,093,100 shares of the company were exchanged, compared to its average volume of 390,332. The stock has a 50-day moving average price of $24.33 and a 200 day moving average price of $18.78. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.47. The stock has a market cap of $830.27 million, a PE ratio of -2.94 and a beta of 1.07.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $635.94 million. 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 announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.55%. Radius Recycling's dividend payout ratio is -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.