The Manufacturers Life Insurance Company Has $162,000 Stock Position in Radius Recycling, Inc. (NASDAQ:RDUS)

The Manufacturers Life Insurance Company lifted its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,589 shares of the basic materials company’s stock after purchasing an additional 1,020 shares during the period. The Manufacturers Life Insurance Company’s holdings in Radius Recycling were worth $162,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RDUS. Banque Cantonale Vaudoise increased 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 worth $45,000 after buying an additional 564 shares during the last quarter. Gladius Capital Management LP bought a new stake in Radius Recycling in the 2nd quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Radius Recycling during the second quarter worth $30,000. Hsbc Holdings PLC increased its holdings in shares of Radius Recycling by 18.6% in the second quarter. Hsbc Holdings PLC now owns 13,307 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 2,085 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Radius Recycling in the first quarter valued at about $51,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a research note on Thursday.

Radius Recycling Stock Down 2.1 %

Radius Recycling stock opened at $18.11 on Friday. The firm has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $16.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 1.96. Radius Recycling, Inc. has a 52-week low of $12.69 and a 52-week high of $31.70. The firm has a market cap of $507.79 million, a price-to-earnings ratio of -1.86 and a beta of 1.53.

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.