Hsbc Holdings PLC Grows Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Hsbc Holdings PLC boosted its position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,729 shares of the basic materials company's stock after buying an additional 8,661 shares during the period. Hsbc Holdings PLC owned approximately 0.14% of Radius Recycling worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. raised its stake in shares of 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 position in Radius Recycling in the 4th quarter valued at $4,199,000. JPMorgan Chase & Co. raised its stake in 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 last quarter. Empowered Funds LLC raised its stake in 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 purchasing an additional 6,472 shares during the last quarter. Finally, Perpetual Ltd raised its stake in Radius Recycling by 9.2% in the 4th quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company's stock valued at $2,008,000 after purchasing an additional 11,060 shares during the last quarter. Hedge funds and other institutional investors own 78.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Radius Recycling in a research note on Sunday, May 4th. They issued a "sell" rating for the company.

Radius Recycling Trading Down 0.1%

NASDAQ:RDUS traded down $0.04 during trading hours on Friday, hitting $29.34. The company had a trading volume of 283,487 shares, compared to its average volume of 404,200. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average of $26.89 and a 200 day moving average of $19.46. The company has a market cap of $827.45 million, a P/E ratio of -2.93 and a beta of 1.04. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $29.48.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last issued its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.09. The company had revenue of $642.51 million during the quarter, compared to analysts' expectations 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 expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

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

Radius Recycling Company 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.