Radius Recycling, Inc. (NASDAQ:RDUS) Stock Position Lessened by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,090 shares of the basic materials company’s stock after selling 19,432 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of Radius Recycling worth $595,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RDUS. Proficio Capital Partners LLC bought a new stake in shares of Radius Recycling in the 4th quarter worth approximately $1,342,000. E. Ohman J or Asset Management AB lifted its position in shares of Radius Recycling by 29.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 22,700 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Radius Recycling by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock worth $1,537,000 after acquiring an additional 33,298 shares during the last quarter. Jane Street Group LLC raised its position in shares of Radius Recycling by 62.9% during the third quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company’s stock worth $1,684,000 after purchasing an additional 35,073 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock valued at $1,081,000 after purchasing an additional 35,568 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Radius Recycling Trading Up 0.0 %

Shares of NASDAQ RDUS opened at $29.11 on Friday. The firm has a market capitalization of $820.96 million, a PE ratio of -2.91 and a beta of 1.07. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.20. 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 business has a 50-day moving average price of $22.05 and a two-hundred day moving average price of $18.26.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million. As a group, analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be issued a dividend of $0.1875 per share. The ex-dividend date is Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. Radius Recycling’s dividend payout ratio is -7.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Radius Recycling in a report on Friday. They set a “sell” rating on the stock.

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.