Marshall Wace LLP Has $294,000 Stock Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Marshall Wace LLP reduced its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,223 shares of the basic materials company’s stock after selling 1,645 shares during the period. Marshall Wace LLP owned 0.07% of Radius Recycling worth $294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Radius Recycling in the 2nd quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Radius Recycling during the first quarter worth about $51,000. Ameritas Investment Partners Inc. bought a new position in Radius Recycling during the first quarter worth about $54,000. Banque Cantonale Vaudoise lifted its holdings in Radius Recycling by 23.6% during the second 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. Finally, Shell Asset Management Co. bought a new position in Radius Recycling during the first quarter worth about $81,000. 78.11% of the stock is currently owned by institutional investors.

Radius Recycling Stock Performance

RDUS opened at $18.58 on Friday. The business’s 50-day moving average price is $16.04 and its two-hundred day moving average price is $16.91. Radius Recycling, Inc. has a 1 year low of $12.69 and a 1 year high of $31.70. The company has a market capitalization of $520.96 million, a price-to-earnings ratio of -1.91 and a beta of 1.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92.

Analysts Set New Price Targets

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

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.