Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC trimmed its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 14.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,075 shares of the basic materials company’s stock after selling 2,240 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Radius Recycling were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of Radius Recycling during the 2nd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Radius Recycling in the second quarter valued at about $30,000. Millburn Ridgefield Corp acquired a new stake in shares of Radius Recycling during the first quarter worth approximately $33,000. Banque Cantonale Vaudoise increased its position in shares of Radius Recycling by 23.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 2,954 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 564 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Radius Recycling in the first quarter worth about $51,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Radius Recycling from a “sell” rating to a “hold” rating in a report on Friday.

Radius Recycling Stock Down 0.8 %

Shares of NASDAQ:RDUS opened at $19.05 on Monday. Radius Recycling, Inc. has a 1-year low of $12.69 and a 1-year high of $31.70. The company’s fifty day moving average is $15.87 and its two-hundred day moving average is $16.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. The stock has a market capitalization of $534.14 million, a price-to-earnings ratio of -1.96 and a beta of 1.52.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Tuesday, July 2nd. The basic materials company reported ($0.59) EPS for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.07. The company had revenue of $673.92 million during 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%. Radius Recycling’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities analysts anticipate that Radius Recycling, Inc. will post -3.06 EPS for the current year.

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.