Dimensional Fund Advisors LP lessened its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS – Free Report) by 9.5% during the second quarter, HoldingsChannel reports. The fund owned 1,989,666 shares of the basic materials company’s stock after selling 208,479 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Radius Recycling worth $30,381,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in Radius Recycling in the fourth quarter valued at about $4,488,000. Green Alpha Advisors LLC purchased a new position in Radius Recycling in the 1st quarter valued at approximately $967,000. Unison Advisors LLC acquired a new position in Radius Recycling during the first quarter worth $226,000. Allspring Global Investments Holdings LLC purchased a new stake in Radius Recycling during the first quarter worth $367,000. Finally, Millburn Ridgefield Corp purchased a new stake in Radius Recycling during the first quarter worth $33,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.
Radius Recycling Stock Performance
Shares of RDUS opened at $18.48 on Wednesday. Radius Recycling, Inc. has a 12-month low of $12.69 and a 12-month high of $31.70. The stock has a market cap of $518.18 million, a P/E ratio of -1.90 and a beta of 1.52. The company has a current ratio of 1.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.90.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a research report on Friday, September 27th.
Check Out Our Latest Research Report on Radius Recycling
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.
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