Quantbot Technologies LP Makes New $238,000 Investment in Radius Recycling, Inc. (NASDAQ:RDUS)

Quantbot Technologies LP acquired a new stake in Radius Recycling, Inc. (NASDAQ:RDUS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,640 shares of the basic materials company’s stock, valued at approximately $238,000. Quantbot Technologies LP owned 0.06% of Radius Recycling at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RDUS. FMR LLC increased its holdings in Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after purchasing an additional 182,435 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Radius Recycling in the 4th quarter worth approximately $1,342,000. Algert Global LLC purchased a new position in shares of Radius Recycling during the third quarter valued at approximately $922,000. Systematic Financial Management LP raised its holdings in shares of Radius Recycling by 8.5% during the third quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company’s stock valued at $11,698,000 after acquiring an additional 49,450 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Radius Recycling by 6.0% in the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after acquiring an additional 36,618 shares during the period. 78.11% of the stock is owned by institutional investors.

Radius Recycling Trading Down 0.3 %

NASDAQ RDUS opened at $28.98 on Friday. The firm has a market capitalization of $815.93 million, a PE ratio of -2.89 and a beta of 1.67. The stock’s 50 day moving average is $16.46 and its 200 day moving average is $16.90. Radius Recycling, Inc. has a twelve month low of $10.57 and a twelve month high of $29.18. 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 (NASDAQ:RDUS) last announced its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business had revenue of $656.54 million for the quarter, compared to the consensus estimate of $665.90 million. During the same quarter last year, the firm posted ($0.64) EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Research 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 was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1875 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. Radius Recycling’s payout ratio is -7.49%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com started coverage on shares of Radius Recycling in a research report on Tuesday, March 25th. They set a “sell” rating on the stock. The Goldman Sachs Group started coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target on the stock.

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.