Real Industry, Inc. (RELY) Raised to Hold at Zacks Investment Research
Real Industry, Inc. (NASDAQ:RELY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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 reissued a “buy” rating and issued a $5.00 price target on shares of Real Industry in a report on Thursday, August 10th.
Real Industry (RELY) opened at 1.85 on Tuesday. The firm’s 50-day moving average is $2.57 and its 200 day moving average is $3.25. Real Industry has a 52-week low of $1.75 and a 52-week high of $8.22. The company’s market cap is $53.67 million.
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A number of large investors have recently made changes to their positions in the company. Tocqueville Asset Management L.P. boosted its stake in shares of Real Industry by 86.4% in the second quarter. Tocqueville Asset Management L.P. now owns 2,516,128 shares of the financial services provider’s stock valued at $7,297,000 after buying an additional 1,166,087 shares during the period. Boston Partners boosted its stake in shares of Real Industry by 2.8% in the second quarter. Boston Partners now owns 1,573,646 shares of the financial services provider’s stock valued at $4,564,000 after buying an additional 42,474 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Real Industry by 38.8% in the second quarter. Russell Investments Group Ltd. now owns 612,859 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 171,368 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Real Industry by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 486,563 shares of the financial services provider’s stock valued at $1,412,000 after buying an additional 88,653 shares during the period. Finally, State Street Corp boosted its stake in shares of Real Industry by 8.1% in the fourth quarter. State Street Corp now owns 346,284 shares of the financial services provider’s stock valued at $2,114,000 after buying an additional 25,915 shares during the period. 62.22% of the stock is currently owned by institutional investors.
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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