Jacobs Levy Equity Management Inc. Sells 3,878 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Jacobs Levy Equity Management Inc. reduced its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 331,137 shares of the basic materials company’s stock after selling 3,878 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Radius Recycling were worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in Radius Recycling during the 4th quarter valued at $68,000. SG Americas Securities LLC acquired a new position in Radius Recycling during the 4th quarter valued at $140,000. Y Intercept Hong Kong Ltd acquired a new position in Radius Recycling during the 4th quarter valued at $160,000. Trium Capital LLP raised its stake in Radius Recycling by 41.8% during the 4th quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock valued at $203,000 after purchasing an additional 3,925 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Radius Recycling during the 4th quarter valued at $207,000. 78.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Radius Recycling in a research note on Monday. They set a “sell” rating for the company.

Radius Recycling Trading Down 0.2%

Shares of Radius Recycling stock opened at $29.46 on Thursday. The firm has a market capitalization of $830.83 million, a PE ratio of -2.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The company’s fifty day moving average price is $27.83 and its two-hundred day moving average price is $19.69. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.59.

Radius Recycling (NASDAQ:RDUS) last announced its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.08) by $0.09. The firm had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. On average, analysts expect that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 21st were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling’s dividend payout ratio (DPR) is presently -7.52%.

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.