Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,390 shares of the basic materials company’s stock after selling 3,472 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Radius Recycling worth $1,175,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Banque Cantonale Vaudoise increased its position 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 purchasing an additional 564 shares during the last quarter. Founders Capital Management grew its stake in shares of Radius Recycling by 50.0% during the 3rd quarter. Founders Capital Management now owns 1,800 shares of the basic materials company’s stock valued at $33,000 after buying an additional 600 shares during the period. Green Alpha Advisors LLC increased its holdings in shares of Radius Recycling by 2.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 44,228 shares of the basic materials company’s stock worth $820,000 after buying an additional 925 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Radius Recycling by 10.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,589 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,020 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Radius Recycling in the second quarter valued at $30,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Radius Recycling

In other news, SVP Steven Heiskell sold 17,675 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total transaction of $301,889.00. Following the completion of the transaction, the senior vice president now directly owns 133,780 shares in the company, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Radius Recycling Trading Up 1.4 %

Shares of RDUS opened at $17.30 on Wednesday. Radius Recycling, Inc. has a 12 month low of $12.69 and a 12 month high of $31.70. The stock’s 50-day moving average is $18.38 and its two-hundred day moving average is $16.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00. The stock has a market cap of $485.07 million, a PE ratio of -1.85 and a beta of 1.59.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.18. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. Radius Recycling’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts forecast that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 4.34%. Radius Recycling’s dividend payout ratio is currently -8.01%.

Analyst Ratings Changes

A number of analysts have recently issued reports on RDUS shares. StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group assumed coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective for the company.

About Radius Recycling

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.