Jane Street Group LLC Buys 35,073 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Jane Street Group LLC raised its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 62.9% in the third quarter, HoldingsChannel reports. The fund owned 90,813 shares of the basic materials company’s stock after acquiring an additional 35,073 shares during the period. Jane Street Group LLC’s holdings in Radius Recycling were worth $1,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Radius Recycling by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock worth $8,623,000 after purchasing an additional 16,162 shares in the last quarter. FMR LLC lifted its position in Radius Recycling by 23.7% during the third quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock worth $17,638,000 after purchasing an additional 182,435 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Radius Recycling during the second quarter worth about $30,000. Algert Global LLC bought a new position in Radius Recycling in the 3rd quarter valued at about $922,000. Finally, Systematic Financial Management LP raised its position in shares of Radius Recycling by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company’s stock valued at $11,698,000 after buying an additional 49,450 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RDUS. The Goldman Sachs Group began coverage on shares of Radius Recycling in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.00 price target on the stock. StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a research note on Thursday.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $15.66 on Friday. The firm has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $16.80. The company has a market cap of $439.09 million, a price-to-earnings ratio of -1.67 and a beta of 1.59. Radius Recycling, Inc. has a one year low of $12.69 and a one year high of $31.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative return on equity of 9.83% and a negative net margin of 9.73%. The company had revenue of $771.00 million for the quarter, compared to analysts’ expectations of $680.80 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Radius Recycling, Inc. will post -1.02 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 4.79%. Radius Recycling’s payout ratio is -8.01%.

Insiders Place Their Bets

In other news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the transaction, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. The trade was a 11.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% of the company’s 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.