Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 2.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 581,512 shares of the basic materials company’s stock after selling 14,165 shares during the period. Systematic Financial Management LP owned about 2.07% of Radius Recycling worth $8,880,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RDUS. Vanguard Group Inc. lifted its position in shares of Radius Recycling by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,622,968 shares of the basic materials company’s stock valued at $55,423,000 after acquiring an additional 23,199 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Radius Recycling by 2.9% in the second quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock valued at $8,623,000 after acquiring an additional 16,162 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Radius Recycling by 4.7% in the second quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock valued at $5,267,000 after acquiring an additional 15,644 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Radius Recycling in the first quarter valued at $4,667,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Radius Recycling in the first quarter valued at $3,959,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a research report on Friday.

Radius Recycling Stock Performance

NASDAQ RDUS opened at $19.05 on Monday. The business’s 50-day moving average price is $15.87 and its 200 day moving average price is $16.90. Radius Recycling, Inc. has a twelve month low of $12.69 and a twelve month high of $31.70. The company has a market capitalization of $534.14 million, a PE ratio of -1.96 and a beta of 1.52. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43.

Radius Recycling (NASDAQ:RDUS) last released its earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.07. The firm had revenue of $673.92 million for the quarter, compared to the consensus estimate of $693.90 million. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. On average, research analysts predict that Radius Recycling, Inc. will post -3.06 earnings per share for the current year.

Radius Recycling 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.