SCHEDULE: Alpine Associates Divests Radius Recycling Stake

Alpine Associates Management Inc. has filed an amendment to its Schedule 13G, reporting zero beneficial ownership in Radius Recycling, Inc. as of a future event date.

Summary

• Alpine Associates Management Inc., an investment adviser, has filed an Amendment No. 1 to its Schedule 13G regarding its holdings in Radius Recycling, Inc.
• The filing indicates that Alpine Associates Management Inc. beneficially owns 0.00% of Radius Recycling, Inc.'s Class A securities.
• This implies a complete divestment or reduction below the 5% reporting threshold by the investment adviser.
• The event requiring this filing is dated 07/14/2025, with the statement signed on 10/14/2025.

Sentiment

Score: 3

Explanation: The complete divestment by a significant institutional investor is a strong negative signal, indicating a lack of confidence or a strategic exit from the investment.

Negatives

• A significant institutional investor, Alpine Associates Management Inc., has reduced its beneficial ownership in Radius Recycling, Inc. to 0.00%.
• This divestment signals a lack of confidence or a strategic exit by a major holder.

Risks

• The complete divestment by a significant institutional investor could negatively impact investor sentiment and the company's stock price.
• Potential for increased selling pressure if other institutional investors follow suit.

Future Outlook

No future outlook or guidance is provided by Radius Recycling, Inc. in this filing.

Management Comments

• Christian Marzullo, Chief Operating Officer of Alpine Associates Management Inc., certified that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

Schedule 13G filings are standard disclosures by institutional investors who acquire more than 5% of a company's stock, or amendments when their holdings change significantly. An amendment reporting 0% ownership indicates a complete exit or reduction below the reporting threshold by the investment firm. This type of filing provides transparency into institutional investor activity, which can influence market perception of a company.

Stakeholder Impact

• Shareholders may experience negative sentiment and potential downward pressure on the stock price due to the divestment by a major institutional investor.

Key Dates

Recommendation

The complete divestment by Alpine Associates Management Inc., a significant institutional investor, signals a lack of confidence in Radius Recycling, Inc.'s future prospects or a strategic decision to exit the position. This action by a sophisticated investor typically precedes or accompanies negative performance, making a 'sell' recommendation prudent for existing shareholders.

Keywords

Radius Recycling, Alpine Associates Management, Schedule 13G, beneficial ownership, divestment, investment adviser, Class A securities, SEC filing