PDT Partners LLC Has $535,000 Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

PDT Partners LLC trimmed its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 38.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 35,178 shares of the basic materials company's stock after selling 22,432 shares during the period. PDT Partners LLC owned about 0.12% of Radius Recycling worth $535,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in Radius Recycling in the fourth quarter valued at about $68,000. Susquehanna Fundamental Investments LLC bought a new stake in Radius Recycling in the fourth quarter valued at approximately $750,000. Price T Rowe Associates Inc. MD raised its holdings in Radius Recycling by 26.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,722 shares of the basic materials company's stock worth $255,000 after purchasing an additional 3,455 shares during the period. Hsbc Holdings PLC boosted its position in shares of Radius Recycling by 27.9% during the fourth quarter. Hsbc Holdings PLC now owns 39,729 shares of the basic materials company's stock worth $601,000 after purchasing an additional 8,661 shares in the last quarter. Finally, PEAK6 LLC acquired a new position in shares of Radius Recycling in the 4th quarter valued at $262,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Radius Recycling Stock Down 0.2 %

Shares of NASDAQ:RDUS traded down $0.06 during mid-day trading on Wednesday, reaching $29.35. 150,208 shares of the stock were exchanged, compared to its average volume of 397,796. The company has a market cap of $827.59 million, a P/E ratio of -2.93 and a beta of 1.04. The stock's 50 day simple moving average is $25.94 and its 200-day simple moving average is $19.18. 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 one year low of $10.57 and a one year high of $29.48.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.08) by $0.09. The business 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%. As a group, equities research analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling's dividend payout ratio is currently -7.52%.

Radius Recycling Profile

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.