Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 26.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 340,284 shares of the basic materials company’s stock after selling 119,558 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.21% of Radius Recycling worth $5,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Radius Recycling during the fourth quarter worth about $1,342,000. E. Ohman J or Asset Management AB raised its position in shares of Radius Recycling by 29.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock worth $1,501,000 after purchasing an additional 22,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Radius Recycling by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock valued at $1,537,000 after buying an additional 33,298 shares in the last quarter. Jane Street Group LLC grew its holdings in Radius Recycling by 62.9% during the 3rd quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company’s stock valued at $1,684,000 after buying an additional 35,073 shares during the last quarter. Finally, Barclays PLC increased its position in Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock worth $1,081,000 after buying an additional 35,568 shares in the last quarter. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Radius Recycling Trading Up 0.0 %

Shares of RDUS opened at $29.01 on Wednesday. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.16. The company has a market capitalization of $816.78 million, a PE ratio of -2.90 and a beta of 1.67. The stock has a fifty day moving average of $15.44 and a two-hundred day moving average of $16.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02.

Radius Recycling (NASDAQ:RDUS) last released its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business had revenue of $656.54 million during the quarter, compared to analyst estimates of $665.90 million. During the same quarter in the previous year, the company posted ($0.64) earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, analysts forecast that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.1875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. Radius Recycling’s dividend payout ratio is presently -7.49%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com initiated coverage on Radius Recycling in a research report on Tuesday. They issued a “sell” rating on the stock. The Goldman Sachs Group began coverage on shares of Radius Recycling in a report on Monday, December 2nd. They issued a “neutral” rating and a $22.00 target price on the stock.

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.