Centiva Capital LP Buys Shares of 10,404 Radius Recycling, Inc. (NASDAQ:RDUS)

Centiva Capital LP acquired a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) in the third quarter, Holdings Channel.com reports. The fund acquired 10,404 shares of the basic materials company’s stock, valued at approximately $193,000.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted 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 acquiring an additional 182,435 shares during the period. American Century Companies Inc. boosted its holdings in 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 raised its holdings in Radius Recycling by 4.7% in the 2nd quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock worth $5,267,000 after purchasing an additional 15,644 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Radius Recycling by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 126,884 shares of the basic materials company’s stock valued at $2,352,000 after purchasing an additional 6,432 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Radius Recycling by 78.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock valued at $1,483,000 after buying an additional 42,636 shares during the period. Institutional investors own 78.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target on the stock. StockNews.com raised shares of Radius Recycling from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the sale, the senior vice president now directly owns 133,780 shares of the company’s stock, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by company insiders.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $18.36 on Friday. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.92. The business has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $16.83. The firm has a market cap of $514.80 million, a price-to-earnings ratio of -1.96 and a beta of 1.59.

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

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 4.08%. Radius Recycling’s dividend payout ratio (DPR) is currently -8.01%.

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.