345,145 Shares in REalloys Inc $ALOY Bought by Legacy Wealth Managment LLC ID

Legacy Wealth Managment LLC ID bought a new position in shares of REalloys Inc (NASDAQ:ALOY) during the 2nd quarter, Holdings Channel.com reports. The firm bought 345,145 shares of the company’s stock, valued at approximately $4,987,000. REalloys makes up 2.2% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Wyoming acquired a new stake in shares of REalloys in the second quarter valued at about $47,000. Corient Private Wealth LLC bought a new stake in REalloys in the second quarter valued at approximately $62,000. Legal & General Group Plc bought a new stake in REalloys in the second quarter valued at approximately $80,000. Quantbot Technologies LP acquired a new stake in REalloys during the 2nd quarter valued at approximately $132,000. Finally, Geode Capital Management LLC increased its position in REalloys by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after purchasing an additional 1,422 shares during the period. Institutional investors own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

ALOY has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of REalloys from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Needham & Company LLC decreased their price objective on shares of REalloys from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of REalloys from a “sell (e)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

REalloys Price Performance

Shares of NASDAQ:ALOY opened at $10.06 on Friday. REalloys Inc has a 1 year low of $5.92 and a 1 year high of $26.90. The business’s 50-day moving average is $11.19 and its 200-day moving average is $11.96. The company has a market capitalization of $694.04 million, a price-to-earnings ratio of -3.18 and a beta of 1.37.

REalloys (NASDAQ:ALOY) last released its earnings results on Thursday, August 13th. The company reported ($0.59) EPS for the quarter. The business had revenue of $0.80 million for the quarter. REalloys had a negative return on equity of 192.93% and a negative net margin of 5,145.12%.

REalloys Company Profile

REalloys Inc operates as a rare earth metals and permanent magnet company in North America. The company produces rare earth metals, such as neodymium, praseodymium, dysprosium, terbium, samarium, gadolinium, yttrium, and scandium; and magnets, such as NdFeB Magnets, SmFe12 Magnets, and MnBi Magnets. The company was founded in 2024 and is headquartered in Euclid, Ohio.