American Century Companies Inc. Has $8.62 Million Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

American Century Companies Inc. lifted its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 2.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 564,717 shares of the basic materials company’s stock after purchasing an additional 16,162 shares during the quarter. American Century Companies Inc.’s holdings in Radius Recycling were worth $8,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Trium Capital LLP lifted its position in Radius Recycling by 36,427.0% in the 2nd quarter. Trium Capital LLP now owns 13,515 shares of the basic materials company’s stock worth $206,000 after buying an additional 13,478 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Radius Recycling by 4.7% during the second quarter. Acadian Asset Management LLC now owns 345,134 shares of the basic materials company’s stock worth $5,267,000 after acquiring an additional 15,644 shares in the last quarter. Banque Cantonale Vaudoise boosted its position 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Radius Recycling by 31.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,422 shares of the basic materials company’s stock valued at $266,000 after purchasing an additional 4,145 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Radius Recycling by 78.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock valued at $1,483,000 after purchasing an additional 42,636 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on RDUS. Seaport Res Ptn raised Radius Recycling from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 30th. StockNews.com upgraded shares of Radius Recycling from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th.

Radius Recycling Price Performance

NASDAQ RDUS opened at $17.07 on Tuesday. Radius Recycling, Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $31.70. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $16.93. The firm has a market cap of $478.63 million, a P/E ratio of -1.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.96 and a quick ratio of 0.92.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Tuesday, July 2nd. The basic materials company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07. The business had revenue of $673.92 million for the quarter, compared to the consensus estimate of $693.90 million. Radius Recycling had a negative return on equity of 5.89% and a negative net margin of 10.28%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. On average, analysts anticipate that Radius Recycling, Inc. will post -3.06 earnings per share for the current fiscal year.

Radius Recycling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, July 22nd. Radius Recycling’s dividend payout ratio is currently -7.72%.

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.