Radius Recycling, Inc. (NASDAQ:RDUS) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,717 shares of the basic materials company’s stock after acquiring an additional 16,162 shares during the period. American Century Companies Inc. owned approximately 2.01% of Radius Recycling worth $8,623,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RDUS. Vanguard Group Inc. raised its stake in shares of Radius Recycling by 0.9% during 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 purchasing an additional 23,199 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of 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 acquiring an additional 15,644 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Radius Recycling in the first quarter valued at approximately $4,667,000. Nordea Investment Management AB acquired a new position in shares of Radius Recycling during the first quarter valued at approximately $3,959,000. Finally, Russell Investments Group Ltd. bought a new stake in Radius Recycling during the first quarter worth approximately $3,884,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Stock Down 0.2 %

NASDAQ RDUS opened at $17.07 on Tuesday. The company has a market capitalization of $478.63 million, a P/E ratio of -1.76 and a beta of 1.52. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $31.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The company’s 50 day simple moving average is $15.77 and its 200 day simple moving average is $16.93.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.07. The company had revenue of $673.92 million for the quarter, compared to analysts’ expectations 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 was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. Equities research analysts expect that Radius Recycling, Inc. will post -3.06 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were given a $0.1875 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.39%. Radius Recycling’s dividend payout ratio (DPR) is -7.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RDUS shares. Seaport Res Ptn upgraded Radius Recycling from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 30th. StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th.

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.