Zacks: Real Industry Inc (RELY) Receives Consensus Rating of “” from Brokerages

Shares of Real Industry Inc (NASDAQ:RELY) have received a consensus broker rating score of 0.00 () from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus price target of $6.50 for the company and are forecasting that the company will post ($0.41) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Real Industry an industry rank of 157 out of 265 based on the ratings given to related companies.

Several brokerages have recently issued reports on RELY. Zacks Investment Research upgraded Real Industry from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 15th. B. Riley restated a “buy” rating and issued a $12.00 price objective on shares of Real Industry in a research note on Saturday, March 11th.

A number of hedge funds and other institutional investors have recently made changes to their positions in RELY. SECOR Capital Advisors LP bought a new position in shares of Real Industry during the third quarter valued at $113,000. New Jersey Better Educational Savings Trust boosted its position in shares of Real Industry by 50.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the company’s stock valued at $184,000 after buying an additional 10,000 shares in the last quarter. DIAM Co. Ltd. boosted its position in shares of Real Industry by 232.3% in the third quarter. DIAM Co. Ltd. now owns 53,500 shares of the company’s stock valued at $327,000 after buying an additional 37,400 shares in the last quarter. Menta Capital LLC boosted its position in shares of Real Industry by 355.8% in the fourth quarter. Menta Capital LLC now owns 55,708 shares of the company’s stock valued at $340,000 after buying an additional 43,487 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Real Industry during the third quarter valued at $420,000. Institutional investors own 56.95% of the company’s stock.

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Real Industry (NASDAQ:RELY) traded up 9.43% on Monday, reaching $2.90. The company’s stock had a trading volume of 258,100 shares. The company’s market capitalization is $83.49 million. The firm has a 50-day moving average of $4.60 and a 200 day moving average of $5.58. Real Industry has a 12-month low of $2.55 and a 12-month high of $9.63.

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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