Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,145 shares of the basic materials company’s stock after selling 2,529 shares during the quarter. Geode Capital Management LLC owned approximately 2.28% of Radius Recycling worth $9,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Radius Recycling during the fourth quarter worth approximately $140,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Radius Recycling during the fourth quarter worth $160,000. Trium Capital LLP raised its position in shares of Radius Recycling by 41.8% in the fourth quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock valued at $203,000 after buying an additional 3,925 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Radius Recycling in the fourth quarter valued at about $236,000. Finally, Quantbot Technologies LP purchased a new position in shares of Radius Recycling in the fourth quarter worth about $238,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Radius Recycling in a research note on Friday, April 18th. They set a “sell” rating for the company.

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $28.90 on Thursday. The business’s 50 day moving average price is $23.03 and its 200 day moving average price is $18.48. The company has a market cap of $815.04 million, a price-to-earnings ratio of -2.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.25.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. On average, research analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 annualized dividend and a yield of 2.60%. Radius Recycling’s payout ratio is -7.52%.

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.