Real Industry, Inc. (RELY) Stock Rating Lowered by Zacks Investment Research

Real Industry, Inc. (NASDAQ:RELY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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 reiterated a “buy” rating and issued a $5.00 price objective on shares of Real Industry in a report on Thursday, August 10th.

Real Industry (RELY) opened at 1.70 on Wednesday. The stock’s 50 day moving average price is $1.91 and its 200-day moving average price is $1.91. Real Industry has a 12 month low of $1.60 and a 12 month high of $6.70. The company’s market capitalization is $49.32 million.

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A number of hedge funds have recently modified their holdings of the stock. Tocqueville Asset Management L.P. boosted its holdings in Real Industry by 86.4% during the 2nd 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 acquiring an additional 1,166,087 shares during the period. Boston Partners boosted its holdings in Real Industry by 2.8% during the 2nd quarter. Boston Partners now owns 1,573,646 shares of the financial services provider’s stock valued at $4,564,000 after acquiring an additional 42,474 shares during the period. Russell Investments Group Ltd. boosted its holdings in Real Industry by 38.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 612,859 shares of the financial services provider’s stock valued at $1,776,000 after acquiring an additional 171,368 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Real Industry by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 486,563 shares of the financial services provider’s stock valued at $1,412,000 after acquiring an additional 88,653 shares during the period. Finally, Menta Capital LLC boosted its holdings in Real Industry by 4.8% during the 2nd quarter. Menta Capital LLC now owns 194,849 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 9,000 shares during the period. Institutional investors own 57.44% of the company’s stock.

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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