Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,700 shares of the basic materials company’s stock after selling 3,602 shares during the period. Point72 Asset Management L.P.’s holdings in Radius Recycling were worth $87,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Founders Capital Management boosted its stake in shares of Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 600 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Radius Recycling during the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Radius Recycling during the second quarter worth $30,000. Banque Cantonale Vaudoise grew its holdings in Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Radius Recycling by 403.9% in the third quarter. Signaturefd LLC now owns 4,092 shares of the basic materials company’s stock valued at $76,000 after buying an additional 3,280 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Insider Buying and Selling at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of Radius Recycling stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the completion of the sale, the senior vice president now owns 133,780 shares of the company’s stock, valued at $2,284,962.40. The trade was a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on RDUS. The Goldman Sachs Group started coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price objective on the stock. StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Radius Recycling Stock Performance

NASDAQ RDUS opened at $17.49 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70. The business has a fifty day moving average of $18.40 and a 200-day moving average of $16.83. The stock has a market cap of $490.42 million, a price-to-earnings ratio of -1.87 and a beta of 1.59.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The firm had revenue of $771.00 million during the quarter, compared to the consensus estimate of $680.80 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.1875 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 4.29%. Radius Recycling’s payout ratio is currently -8.01%.

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.