The Steel Dynamics, Inc. (STLD) Stake Increased by Riverhead Capital Management LLC

Cornelia Mascio
Novembre 15, 2017

As of quarter end Rothschild Asset Management Inc had acquired a total of 38,506 shares growing its position 10.9%. The fund owned 19,200 shares of the company's stock after buying an additional 8,288 shares during the period. Venturi Wealth Management LLC now owns 145,563 shares of the company's stock worth $3,638,000 after buying an additional 1,580 shares during the period.

Other hedge funds have also recently modified their holdings of the company.

Bw Gestao De Investimentos Ltda. reports that it increased its investment in Steel Dynamics Inc stock by 336,650 shares in a 13F filing with the SEC. Hefty Wealth Partners lifted its stake in shares of Steel Dynamics by 76.1% in the 3rd quarter. Advisory Services Network LLC lifted its stake in shares of Steel Dynamics by 2.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company's stock valued at $158,000 after acquiring an additional 101 shares during the last quarter. Creative Planning now owns 4,718 shares of the basic materials company's stock valued at $169,000 after acquiring an additional 1,256 shares during the last quarter. If you are reading this article on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/14/steel-dynamics-inc-stld-shares-sold-by-stevens-capital-management-lp.html. Cowen and Company issued a report on STLD and giving a rating of "Buy" and setting a price target of $43.00.

Equity analyst Bank of America Corporation raised the price target of the stock on October 20 changing the price objective from $44.00 to $45.00 with a rating of "Buy".

On October 24 analysts at Morgan Stanley released research on STLD with a rating of "Hold" and setting a price target of $36.00. Citigroup raised the price target on October 20 boosting the projection from $41.00 to $42.00 with a "Buy" recommendation. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock.

Shares of Steel Dynamics, Inc. The company now has a P/E ratio of 17.21 and the market cap of the company is 8.96B.

Steel Dynamics, Inc. has a 52 week low of $15.60 and a 52 week high of $40.17.

In the market the company is trading up since yesterday's close of 37.23. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The value of the total investment in Steel Dynamics Inc went from $2,373,000 to $2,209,000 a change of $164,000 quarter over quarter. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

Steel Dynamics, Inc is a steel producing and a metal recycling company.

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