Todays Report: Today, Real Industry Inc. (RELY) Receives “Buy” Rating from B. Riley

Today, Real Industry Inc. (RELY) Receives “Buy” Rating from B. Riley

Real Industry Inc. (NASDAQ:RELY)‘s stock had its “buy” rating restated by B. Riley in a research note issued on Monday. They presently have a $12.00 target price on the stock. B. Riley’s target price suggests a potential upside of 100.00% from the stock’s current price.

Separately, Zacks Investment Research raised Real Industry from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

Real Industry (NASDAQ:RELY) traded down 0.83% on Monday, reaching $6.00. The company had a trading volume of 20,476 shares. The stock’s market cap is $176.17 billion. Real Industry has a one year low of $5.30 and a one year high of $10.80. The company has a 50-day moving average of $5.69 and a 200 day moving average of $6.95.

In other news, Director Real Industry, Inc. purchased 5,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average price of $6.45 per share, with a total value of $32,250.00. Following the acquisition, the director now directly owns 82,059 shares in the company, valued at approximately $529,280.55. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Craig T. Bouchard sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $6.70, for a total value of $469,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,974 shares of the company’s stock, valued at approximately $602,825.80. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Real Industry by 3.1% in the third quarter. BlackRock Inc. now owns 16,205 shares of the company’s stock valued at $100,000 after buying an additional 484 shares during the period. SECOR Capital Advisors LP purchased a new position in Real Industry during the third quarter valued at approximately $113,000. The Manufacturers Life Insurance Company purchased a new position in Real Industry during the third quarter valued at approximately $116,000. Bank of Montreal Can purchased a new position in Real Industry during the second quarter valued at approximately $131,000. Finally, Berson & Corrado Investment Advisors LLC purchased a new position in Real Industry during the second quarter valued at approximately $140,000. 60.87% of the stock is owned by hedge funds and other institutional investors.

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