Radius Recycling, Inc. (NASDAQ:RDUS) Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 18.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,307 shares of the basic materials company’s stock after buying an additional 2,085 shares during the period. Hsbc Holdings PLC’s holdings in Radius Recycling were worth $198,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RDUS. Gladius Capital Management LP bought a new position in Radius Recycling during the second quarter valued at about $29,000. Millburn Ridgefield Corp acquired a new stake in Radius Recycling during the first quarter valued at approximately $33,000. Banque Cantonale Vaudoise lifted its stake 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 valued at $45,000 after purchasing an additional 564 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Radius Recycling during the first quarter worth approximately $51,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Radius Recycling in the first quarter worth approximately $54,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Radius Recycling Trading Down 0.2 %

Shares of RDUS opened at $17.90 on Friday. The business’s 50-day moving average price is $15.94 and its 200 day moving average price is $16.91. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $501.92 million, a P/E ratio of -1.84 and a beta of 1.53. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a research report on Friday, September 27th.

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.