Real Industry Inc. (RELY) Stock Price Down 3.5%
Real Industry Inc. (NASDAQ:RELY)’s share price traded down 3.5% on Tuesday . The company traded as low as $6.11 and last traded at $6.11, with a volume of 58,795 shares traded. The stock had previously closed at $6.33.
A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Real Industry in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
The firm has a 50-day moving average price of $7.21 and a 200-day moving average price of $7.80. The stock’s market capitalization is $176.97 million.
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Real Industry (NASDAQ:RELY) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The firm earned $320.90 million during the quarter, compared to analyst estimates of $323.39 million. Real Industry had a negative net margin of 1.13% and a negative return on equity of 8.73%. Real Industry’s revenue was down 13.0% on a year-over-year basis. During the same period last year, the firm posted ($0.53) EPS. Equities research analysts anticipate that Real Industry Inc. will post ($0.70) EPS for the current year.
In related news, Director Patrick Deconinck acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of $7.61 per share, with a total value of $76,100.00. Following the transaction, the director now directly owns 39,711 shares of the company’s stock, valued at approximately $302,200.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig T. Bouchard sold 98,396 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $7.13, for a total transaction of $701,563.48. Following the completion of the transaction, the chief executive officer now directly owns 89,974 shares of the company’s stock, valued at $641,514.62. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its position in shares of Real Industry by 11.2% in the second quarter. Nationwide Fund Advisors now owns 20,559 shares of the company’s stock valued at $160,000 after buying an additional 2,070 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Real Industry by 6.0% in the second quarter. California State Teachers Retirement System now owns 54,965 shares of the company’s stock valued at $427,000 after buying an additional 3,099 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Real Industry by 11.2% in the second quarter. Teachers Advisors Inc. now owns 39,206 shares of the company’s stock valued at $305,000 after buying an additional 3,962 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Real Industry by 2.9% in the first quarter. Geode Capital Management LLC now owns 165,888 shares of the company’s stock valued at $1,443,000 after buying an additional 4,734 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Real Industry by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 85,319 shares of the company’s stock valued at $663,000 after buying an additional 4,856 shares during the last quarter. 57.29% of the stock is owned by hedge funds and other institutional investors.
Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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