Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 34.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,231 shares of the basic materials company’s stock after selling 26,824 shares during the period. Sei Investments Co. owned about 0.18% of Radius Recycling worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDUS. Acadian Asset Management LLC acquired a new stake in Radius Recycling in the first quarter valued at approximately $6,957,000. Jacobs Levy Equity Management Inc. purchased a new stake in Radius Recycling during the 1st quarter worth $4,667,000. Nordea Investment Management AB acquired a new position in Radius Recycling in the 1st quarter worth $3,959,000. Russell Investments Group Ltd. purchased a new position in Radius Recycling in the 1st quarter valued at about $3,884,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Radius Recycling during the fourth quarter valued at about $4,488,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Radius Recycling Stock Up 0.2 %

Shares of NASDAQ:RDUS opened at $18.25 on Wednesday. The firm has a market cap of $511.71 million, a PE ratio of -1.88 and a beta of 1.53. The company has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $16.89. 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 12-month low of $12.69 and a 12-month high of $31.70.

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.