79,431 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,431 shares of the basic materials company’s stock, valued at approximately $1,213,000. Cubist Systematic Strategies LLC owned 0.28% of Radius Recycling as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in Radius Recycling during the 2nd quarter valued at about $29,000. Millburn Ridgefield Corp acquired a new position in shares of Radius Recycling in the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise boosted its holdings in shares of Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 564 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Radius Recycling during the 1st quarter worth approximately $51,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Radius Recycling during the 1st quarter valued at $54,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a research note on Friday, September 27th.

Radius Recycling Stock Up 1.4 %

Shares of NASDAQ:RDUS opened at $18.74 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.43. The firm has a market cap of $525.47 million, a P/E ratio of -1.93 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’s 50-day moving average price is $15.91 and its two-hundred day moving average price is $16.89.

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