Real Industry, Inc. (NASDAQ:RELY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Real Industry, Inc. is a holding company which invests in businesses primarily in the United States industrial and commercial marketplace. Real Industry Inc., formerly known as Signature Group Holdings, Inc., is based in Sherman Oaks, United States. “

Separately, B. Riley reiterated a “buy” rating and set a $5.00 price objective on shares of Real Industry in a research report on Tuesday, August 15th.

Real Industry (NASDAQ:RELY) opened at 1.70 on Wednesday. The stock’s market capitalization is $49.32 million. Real Industry has a 52 week low of $1.60 and a 52 week high of $6.70. The stock’s 50 day moving average price is $1.91 and its 200-day moving average price is $1.91.

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Several hedge funds and other institutional investors have recently modified their holdings of RELY. Tocqueville Asset Management L.P. boosted its position in shares of Real Industry by 86.4% during the second quarter. Tocqueville Asset Management L.P. now owns 2,516,128 shares of the financial services provider’s stock worth $7,297,000 after buying an additional 1,166,087 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Real Industry by 38.8% during the second quarter. Russell Investments Group Ltd. now owns 612,859 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 171,368 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Real Industry by 393.5% during the second quarter. Goldman Sachs Group Inc. now owns 171,007 shares of the financial services provider’s stock worth $496,000 after buying an additional 136,353 shares during the period. Menta Capital LLC boosted its position in shares of Real Industry by 233.6% during the first quarter. Menta Capital LLC now owns 185,849 shares of the financial services provider’s stock worth $530,000 after buying an additional 130,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Real Industry by 38.1% during the first quarter. Dimensional Fund Advisors LP now owns 397,910 shares of the financial services provider’s stock worth $1,134,000 after buying an additional 109,824 shares during the period. Institutional investors and hedge funds own 57.44% 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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