Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,963 shares of the basic materials company’s stock, valued at approximately $30,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in Radius Recycling in the first quarter valued at approximately $33,000. Gladius Capital Management LP acquired a new position in Radius Recycling in the second quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Radius Recycling in the first quarter valued at approximately $51,000. Ameritas Investment Partners Inc. acquired a new position in Radius Recycling in the first quarter valued at approximately $54,000. Finally, Banque Cantonale Vaudoise boosted its holdings in Radius Recycling by 23.6% in the second quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 564 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.
Radius Recycling Price Performance
Shares of NASDAQ RDUS opened at $18.48 on Wednesday. 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, Inc. has a twelve month low of $12.69 and a twelve month high of $31.70. The stock has a 50 day moving average of $15.89 and a two-hundred day moving average of $16.90. The stock has a market cap of $518.18 million, a P/E ratio of -1.90 and a beta of 1.52.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a report on Friday, September 27th.
View Our Latest Report on Radius Recycling
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.
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