California State Teachers Retirement System boosted its position in Real Industry Inc. (NASDAQ:RELY) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 54,965 shares of the company’s stock after buying an additional 3,099 shares during the period. California State Teachers Retirement System owned about 0.19% of Real Industry worth $427,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in shares of Real Industry by 0.8% in the first quarter. Lazard Asset Management LLC now owns 1,246,265 shares of the company’s stock worth $10,842,000 after buying an additional 9,600 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Real Industry by 1.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 835,198 shares of the company’s stock worth $6,489,000 after buying an additional 13,198 shares during the period. State Street Corp boosted its stake in shares of Real Industry by 7.2% in the first quarter. State Street Corp now owns 318,162 shares of the company’s stock worth $2,769,000 after buying an additional 21,352 shares during the period. 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 period. Finally, Keane Capital Partners LLC acquired a new stake in shares of Real Industry during the first quarter worth $1,137,000. Institutional investors and hedge funds own 57.29% of the company’s stock.
Real Industry Inc. (NASDAQ:RELY) traded up 0.431% during trading on Wednesday, reaching $5.825. 31,188 shares of the company’s stock were exchanged. Real Industry Inc. has a 1-year low of $5.30 and a 1-year high of $10.80. The company’s market capitalization is $170.39 million. The company’s 50-day moving average is $6.37 and its 200-day moving average is $7.63.
Real Industry (NASDAQ:RELY) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $320.90 million for 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%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the business posted ($0.53) EPS. Equities research analysts expect that Real Industry Inc. will post ($0.70) earnings per share for the current fiscal year.
RELY has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Real Industry from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Real Industry in a research report on Sunday, August 14th.
In other Real Industry news, CEO Craig T. Bouchard sold 98,396 shares of the firm’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 sale, the chief executive officer now directly owns 89,974 shares in the company, valued at approximately $641,514.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William K. Hall bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were acquired at an average price of $7.02 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the director now owns 29,711 shares in the company, valued at approximately $208,571.22. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by company insiders.
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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