Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 625,212 shares of the basic materials company’s stock after selling 20,158 shares during the quarter. American Century Companies Inc.’s holdings in Radius Recycling were worth $9,516,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Radius Recycling in a report on Wednesday. They issued a “sell” rating on the stock.

Radius Recycling Stock Up 0.8 %

RDUS stock opened at $29.12 on Thursday. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $17.41 and its 200 day moving average price is $17.18. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.18. The company has a market cap of $819.87 million, a P/E ratio of -2.91 and a beta of 1.67.

Radius Recycling (NASDAQ:RDUS) last posted its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). The company 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%. Radius Recycling’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.64) EPS. On average, research analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling’s payout ratio is -7.49%.

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.