Real Industry, Inc. (RELY) Stock Rating Reaffirmed by B. Riley
Real Industry, Inc. (NASDAQ:RELY)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a report issued on Tuesday. They presently have a $5.00 target price on the financial services provider’s stock. B. Riley’s target price suggests a potential upside of 170.27% from the stock’s current price.
Separately, Zacks Investment Research upgraded Real Industry from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.
Real Industry (NASDAQ RELY) traded down 12.162% during mid-day trading on Tuesday, reaching $1.625. The company had a trading volume of 378,647 shares. Real Industry has a 1-year low of $1.55 and a 1-year high of $8.22. The firm has a 50-day moving average of $2.57 and a 200 day moving average of $3.25. The company’s market capitalization is $47.14 million.
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Institutional investors have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust boosted its position in shares of Real Industry by 7.4% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 35,961 shares of the financial services provider’s stock worth $289,000 after buying an additional 2,463 shares during the period. Hartford Investment Management Co. bought a new position in shares of Real Industry during the fourth quarter worth approximately $2,312,000. Private Capital Management LLC boosted its position in shares of Real Industry by 33.0% in the fourth quarter. Private Capital Management LLC now owns 1,172,421 shares of the financial services provider’s stock worth $9,415,000 after buying an additional 290,780 shares during the period. Prudential Financial Inc. bought a new position in shares of Real Industry during the first quarter worth approximately $157,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Real Industry by 7.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 554,307 shares of the financial services provider’s stock worth $4,822,000 after buying an additional 37,865 shares during the period. Hedge funds and other institutional investors own 62.22% of the company’s stock.
About Real Industry
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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