Zacks Investment Research lowered shares of Real Industry Inc. (NASDAQ:RELY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning.

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 reiterated a buy rating and issued a $16.00 price target on shares of Real Industry in a research note on Tuesday, August 9th.

Real Industry (NASDAQ:RELY) traded down 0.85% during midday trading on Wednesday, hitting $5.80. The stock had a trading volume of 33,626 shares. Real Industry has a 1-year low of $5.30 and a 1-year high of $10.80. The company has a 50-day moving average of $5.72 and a 200-day moving average of $7.06. The stock’s market cap is $170.29 billion.

In other news, Director William K. Hall purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was bought at an average cost of $7.02 per share, for a total transaction of $70,200.00. Following the purchase, the director now owns 29,711 shares of the company’s stock, valued at $208,571.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Real Industry, Inc. purchased 5,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was purchased at an average price of $6.45 per share, with a total value of $32,250.00. Following the completion of the purchase, the director now directly owns 82,059 shares in the company, valued at approximately $529,280.55. The disclosure for this purchase can be found here. 5.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in RELY. Berson & Corrado Investment Advisors LLC bought a new stake in Real Industry during the second quarter worth $140,000. Bank of Montreal Can bought a new stake in Real Industry during the second quarter worth $131,000. Essex Investment Management Co. LLC increased its stake in Real Industry by 27.5% in the second quarter. Essex Investment Management Co. LLC now owns 103,656 shares of the company’s stock worth $805,000 after buying an additional 22,366 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in 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 last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 56.48% of the company’s stock.

About Real Industry

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.

5 Day Chart for NASDAQ:RELY

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