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

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

Several other institutional investors and hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in Radius Recycling during the first quarter valued at $6,957,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Radius Recycling during the 1st quarter valued at about $4,667,000. Nordea Investment Management AB bought a new stake in shares of Radius Recycling in the 1st quarter valued at approximately $3,959,000. Russell Investments Group Ltd. acquired a new position in Radius Recycling in the first quarter worth approximately $3,884,000. Finally, Fisher Asset Management LLC acquired a new stake in Radius Recycling in the fourth quarter valued at approximately $4,488,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $17.90 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92. The stock has a market capitalization of $501.92 million, a P/E ratio of -1.84 and a beta of 1.53. The business has a 50-day moving average of $15.94 and a two-hundred day moving average of $16.91. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70.

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.