Real Industry, Inc. (RELY) Position Held by New Jersey Better Educational Savings Trust
New Jersey Better Educational Savings Trust continued to hold its stake in Real Industry, Inc. (NASDAQ:RELY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the financial services provider’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Real Industry were worth $174,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in RELY. Croft Leominster Inc. boosted its stake in Real Industry by 35.7% in the first quarter. Croft Leominster Inc. now owns 57,000 shares of the financial services provider’s stock worth $162,000 after buying an additional 15,000 shares during the period. Bank of New York Mellon Corp boosted its stake in Real Industry by 19.6% in the first quarter. Bank of New York Mellon Corp now owns 89,852 shares of the financial services provider’s stock worth $256,000 after buying an additional 14,747 shares during the period. Victory Capital Management Inc. boosted its stake in Real Industry by 2.4% in the first quarter. Victory Capital Management Inc. now owns 108,473 shares of the financial services provider’s stock worth $309,000 after buying an additional 2,573 shares during the period. Van Den Berg Management I Inc. boosted its stake in Real Industry by 46.5% in the first quarter. Van Den Berg Management I Inc. now owns 114,811 shares of the financial services provider’s stock worth $327,000 after buying an additional 36,424 shares during the period. Finally, Menta Capital LLC boosted its stake in Real Industry by 233.6% in the first quarter. Menta Capital LLC now owns 185,849 shares of the financial services provider’s stock worth $530,000 after buying an additional 130,141 shares during the period. Institutional investors own 58.96% of the company’s stock.
Shares of Real Industry, Inc. (NASDAQ:RELY) opened at 1.90 on Friday. The firm’s 50-day moving average is $2.61 and its 200-day moving average is $3.32. Real Industry, Inc. has a 12-month low of $1.75 and a 12-month high of $8.22. The company’s market capitalization is $55.48 million.
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 company had revenue of $337.10 million for the quarter, compared to the consensus estimate of $315.07 million. Real Industry had a negative return on equity of 92.06% and a negative net margin of 8.36%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) EPS. On average, equities research analysts anticipate that Real Industry, Inc. will post ($1.26) EPS for the current fiscal year.
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A number of equities research analysts have issued reports on RELY shares. B. Riley restated a “buy” rating and set a $8.00 price target on shares of Real Industry in a report on Thursday, May 18th. Zacks Investment Research upgraded shares of Real Industry from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.
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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