Real Industry Inc. (NASDAQ:RELY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
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 restated a “buy” rating and issued a $16.00 price target on shares of Real Industry in a report on Sunday, August 14th.
Shares of Real Industry (NASDAQ:RELY) opened at 5.75 on Tuesday. The company has a 50-day moving average of $6.32 and a 200 day moving average of $7.62. The firm’s market cap is $168.20 million. Real Industry has a one year low of $5.30 and a one year high of $10.80.
Real Industry (NASDAQ:RELY) last announced its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. Real Industry had a negative net margin of 1.13% and a negative return on equity of 8.73%. The firm earned $320.90 million during the quarter, compared to the consensus estimate of $323.39 million. During the same quarter in the previous year, the company posted ($0.53) EPS. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, equities research analysts expect that Real Industry will post ($0.70) EPS for the current fiscal year.
In other Real Industry news, Director Real Industry, Inc. purchased 5,000 shares of the stock in a transaction on Thursday, September 8th. The stock was bought at an average price of $6.45 per share, for a total transaction of $32,250.00. Following the acquisition, the director now directly owns 82,059 shares of the company’s stock, valued at $529,280.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William K. Hall purchased 10,000 shares of the stock in a transaction on Thursday, August 25th. The stock was acquired at an average price of $7.02 per share, with a total value of $70,200.00. Following the acquisition, the director now directly owns 29,711 shares in the company, valued at $208,571.22. The disclosure for this purchase can be found here. 5.00% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors boosted its stake in 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 period. California State Teachers Retirement System boosted its stake 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 worth $427,000 after buying an additional 3,099 shares during the last quarter. Teachers Advisors Inc. boosted its stake 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 worth $305,000 after buying an additional 3,962 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $1,443,000 after buying an additional 4,734 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 worth $663,000 after buying an additional 4,856 shares during the last quarter. Institutional investors own 57.29% of the company’s stock.
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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