Real Industry Inc. (NASDAQ:RELY) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $13.50 for the company and are forecasting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned Real Industry an industry rank of 101 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on RELY. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of Real Industry in a report on Sunday, August 14th. Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
In other news, Director Patrick Deconinck acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of $7.61 per share, with a total value of $76,100.00. Following the acquisition, the director now directly owns 39,711 shares in the company, valued at approximately $302,200.71. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig T. Bouchard sold 98,396 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $7.13, for a total value of $701,563.48. Following the completion of the transaction, the chief executive officer now directly owns 89,974 shares in the company, valued at $641,514.62. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RELY. BlackRock Inc. raised its position in shares of Real Industry by 983.5% in the second quarter. BlackRock Inc. now owns 15,721 shares of the company’s stock worth $122,000 after buying an additional 14,270 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Real Industry during the second quarter worth approximately $131,000. Berson & Corrado Investment Advisors LLC purchased a new position in shares of Real Industry during the second quarter worth approximately $140,000. 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 worth $160,000 after buying an additional 2,070 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new position in shares of Real Industry during the second quarter worth approximately $163,000. 57.29% of the stock is currently owned by hedge funds and other institutional investors.
Real Industry (NASDAQ:RELY) opened at 6.10 on Monday. Real Industry has a one year low of $5.30 and a one year high of $10.80. The company’s market capitalization is $178.44 million. The firm’s 50 day moving average price is $6.83 and its 200-day moving average price is $7.74.
Real Industry (NASDAQ:RELY) last posted its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $320.90 million for the quarter, compared to analyst estimates of $323.39 million. Real Industry had a negative return on equity of 8.73% and a negative net margin of 1.13%. The firm’s revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.53) EPS. Equities analysts forecast that Real Industry will post ($0.70) earnings per share for the current fiscal year.
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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