American Century Companies Inc. Cuts Position in Radius Recycling, Inc. (NASDAQ:RDUS)

American Century Companies Inc. reduced its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 625,212 shares of the basic materials company’s stock after selling 20,158 shares during the period. American Century Companies Inc. owned about 2.22% of Radius Recycling worth $9,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of RDUS. Quarry LP purchased a new position in Radius Recycling during the 3rd quarter valued at about $32,000. Point72 DIFC Ltd purchased a new position in shares of Radius Recycling in the third quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Radius Recycling by 172.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,357 shares of the basic materials company’s stock valued at $99,000 after purchasing an additional 3,394 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Radius Recycling during the 4th quarter worth approximately $140,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Radius Recycling during the 4th quarter worth approximately $160,000. 78.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Radius Recycling in a research report on Wednesday. They set a “sell” rating on the stock.

Radius Recycling Stock Performance

Shares of Radius Recycling stock opened at $29.12 on Thursday. The business has a 50-day simple moving average of $17.41 and a 200-day simple moving average of $17.18. The company has a market cap of $819.87 million, a PE ratio of -2.91 and a beta of 1.67. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.18. 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 announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to analysts’ expectations of $665.90 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.64) earnings per share. On average, equities research analysts forecast that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Monday, February 3rd. Radius Recycling’s dividend payout ratio is presently -7.49%.

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.