Real Industry Inc. (RELY) Downgraded to Sell at Zacks Investment Research
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 reissued a buy rating and issued a $16.00 price target on shares of Real Industry in a research report on Tuesday, August 9th.
Shares of Real Industry (NASDAQ:RELY) traded up 0.431% during midday trading on Tuesday, hitting $5.825. The stock had a trading volume of 14,124 shares. The firm’s market cap is $170.39 million. The company’s 50-day moving average price is $6.37 and its 200-day moving average price is $7.63. Real Industry has a 12-month low of $5.30 and a 12-month high of $10.80.
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 Thomson Reuters’ 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 analyst estimates of $323.39 million. During the same quarter in the prior year, the business posted ($0.53) earnings per share. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. Equities research analysts forecast that Real Industry will post ($0.70) EPS for the current year.
In other Real Industry news, CEO Craig T. Bouchard sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $6.70, for a total value of $469,000.00. Following the transaction, the chief executive officer now directly owns 89,974 shares of the company’s stock, valued at $602,825.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Craig T. Bouchard sold 98,396 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $7.13, for a total transaction 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 currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted 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 during the last quarter. California State Teachers Retirement System boosted its position 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 position 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 position 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 position 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. 57.29% of the stock is currently owned by hedge funds and other institutional investors.
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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