Bank of New York Mellon Corp increased its stake in shares of Real Industry, Inc. (NASDAQ:RELY) by 19.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,852 shares of the financial services provider’s stock after buying an additional 14,747 shares during the period. Bank of New York Mellon Corp’s holdings in Real Industry were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RELY. Dimensional Fund Advisors LP increased its position in Real Industry by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 288,086 shares of the financial services provider’s stock valued at $1,757,000 after buying an additional 24,537 shares during the period. State Street Corp increased its position in 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. Russell Investments Group Ltd. increased its position in Real Industry by 37.7% in the first quarter. Russell Investments Group Ltd. now owns 441,491 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 120,891 shares during the period. Boston Partners increased its position in 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 period. Finally, Tocqueville Asset Management L.P. increased its position in 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 period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Real Industry, Inc. (NASDAQ:RELY) opened at 2.45 on Wednesday. The firm’s market cap is $70.74 million. Real Industry, Inc. has a 12-month low of $1.90 and a 12-month high of $8.83. The stock’s 50 day moving average is $2.75 and its 200 day moving average is $3.46.

Real Industry (NASDAQ:RELY) last issued its earnings results on Wednesday, May 10th. The financial services provider reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.42) by $0.01. Real Industry had a negative return on equity of 53.24% and a negative net margin of 8.16%. The business had revenue of $337.10 million for the quarter, compared to analyst estimates of $315.07 million. During the same period last year, the business posted ($0.38) EPS. Real Industry’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts expect that Real Industry, Inc. will post ($1.38) EPS for the current year.

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Several research firms have recently issued reports on RELY. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of Real Industry in a report on Thursday, May 18th. Zacks Investment Research downgraded shares of Real Industry from a “hold” rating to a “sell” rating in a report on Thursday, July 20th.

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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Institutional Ownership by Quarter for Real Industry (NASDAQ:RELY)

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