Hotchkis & Wiley Capital Management LLC cut its stake in shares of Real Industry, Inc. (NASDAQ:RELY) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 4,943,734 shares of the company’s stock after selling 16,729 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 16.89% of Real Industry worth $30,157,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. SECOR Capital Advisors LP bought a new stake in Real Industry during the third quarter valued at $113,000. Metropolitan Life Insurance Co. NY bought a new stake in Real Industry during the second quarter valued at $164,000. New Jersey Better Educational Savings Trust increased its stake in 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 during the period. DIAM Co. Ltd. increased its stake in 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 during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Real Industry during the third quarter valued at approximately $420,000. 56.95% of the stock is owned by hedge funds and other institutional investors.
Real Industry, Inc. (NASDAQ:RELY) traded down 1.94% during midday trading on Tuesday, hitting $5.05. 224,791 shares of the stock traded hands. Real Industry, Inc. has a 52 week low of $5.00 and a 52 week high of $9.63. The stock’s market capitalization is $147.80 million. The stock’s 50-day moving average price is $5.86 and its 200-day moving average price is $6.19.
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Several research firms have recently commented on RELY. B. Riley reissued a “buy” rating and set a $12.00 target price on shares of Real Industry in a research report on Thursday, November 17th. Zacks Investment Research raised shares of Real Industry from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th.
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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