TFS Capital LLC decreased its stake in shares of Real Industry Inc (NASDAQ:RELY) by 55.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,216 shares of the financial services provider’s stock after selling 90,369 shares during the period. TFS Capital LLC’s holdings in Real Industry were worth $206,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Chai Trust Co. LLC acquired a new stake in shares of Real Industry during the fourth quarter valued at $11,359,000. Tocqueville Asset Management L.P. boosted its position in shares of Real Industry by 71.2% in the first quarter. Tocqueville Asset Management L.P. now owns 1,350,041 shares of the financial services provider’s stock valued at $3,848,000 after buying an additional 561,246 shares during the last quarter. Boston Partners boosted its position in shares of Real Industry by 52.0% in the first quarter. Boston Partners now owns 1,531,172 shares of the financial services provider’s stock valued at $4,364,000 after buying an additional 524,032 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Real Industry during the fourth quarter valued at approximately $1,955,000. Finally, ARS Investment Partners LLC bought a new position in shares of Real Industry during the fourth quarter valued at approximately $1,588,000. Institutional investors own 56.95% of the company’s stock.
Shares of Real Industry Inc (NASDAQ:RELY) traded down 2.632% during trading on Wednesday, hitting $2.775. 280,546 shares of the stock traded hands. The company’s market cap is $80.12 million. Real Industry Inc has a one year low of $1.90 and a one year high of $8.91. The firm has a 50 day moving average price of $2.57 and a 200-day moving average price of $4.58.
Real Industry (NASDAQ:RELY) last announced its earnings results on Wednesday, May 10th. The financial services provider reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.42) by $0.01. The firm had revenue of $337.10 million during the quarter, compared to the consensus estimate of $315.07 million. Real Industry had a negative return on equity of 18.70% and a negative net margin of 2.12%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.38) EPS. Analysts anticipate that Real Industry Inc will post ($1.25) earnings per share for the current fiscal year.
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Several equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $8.00 price target on shares of Real Industry in a research report on Thursday, May 18th. Zacks Investment Research raised shares of Real Industry from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 15th.
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.
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