Economy

Schnitzer Steel Industries, Inc (NASDAQ:SCHN) Sees Significantly Lower Trading Volume

It has outperformed by 5.04% the S&P500. Trexquant Investment Lp grew its position by buying 26,681 shares an increase of 95.7% from 03/31/2017 to 06/30/2017. The institutional investor held 50,001 shares of the consumer services company at the end of 2017Q2, valued at $21.46 million, up from 47,916 at the end of the previous reported quarter. The stock decreased 0.43% or $0.1 on October 13, reaching $23.01. (NASDAQ:SCHN) closed up +0.5 points or 1.72% at $29.5 with 0.36 mln shares exchanging hands. It has outperformed by 7.70% the S&P500. Its up 6.04% from 2.34M shares previously. It also reduced Ralph Lauren Corp (NYSE:RL) stake by 262,635 shares and now owns 541,792 shares. It also reduced its holding in Wisdomtree Tr India Earnings Fd (EPI) by 38,300 shares in the quarter, leaving it with 670,820 shares, and cut its stake in Healthequity Inc Com (NASDAQ:HQY).

Among 4 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 have Buy rating, 0 Sell and 3 Hold. SCHN was included in 5 notes of analysts from August 12, 2015. On Thursday, September 21 the stock rating was maintained by Stifel Nicolaus with "Hold".

Sell-side analyst recommendations point to a short term price target of $6.69 on the shares of LendingClub Corporation (LC). As per Monday, June 12, the company rating was maintained by Jefferies. Therefore 0 are positive.

This table compares Schnitzer Steel Industries and AK Steel Holding Corporation's top-line revenue, earnings per share (EPS) and valuation. (NASDAQ:SCHN) earned "Equal-Weight" rating by Morgan Stanley on Tuesday, November 24. The stock has an average rating of "Buy" and an average target price of $29.50. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, October 11.

Schnitzer Steel Industries, Inc., launched on July 30, 1946, is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The company has market cap of $798.20 million. The Firm operates through two divisions: the Auto and Metals Recycling business and the Steel Manufacturing Business (SMB). It has a 40.6 P/E ratio. The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure. Next quarter's EPS is estimated at $0.54 with next year's EPS anticipated to be $1.62.

Traders are more bullish on Schnitzer Steel Industries, Inc recently if you evaluate the downtick in short interest. Sold All: 24 Reduced: 44 Increased: 39 New Position: 28. Barrow Hanley Mewhinney & Strauss Limited Com holds 0% or 36,230 shares in its portfolio. Sg Americas Securities Ltd Llc holds 0% in Schnitzer Steel Industries, Inc. State Street Corp increased its position in shares of Schnitzer Steel Industries by 1.6% during the 2nd quarter. The stock stands almost $1.1 off versus the 52-week high of $30.6 and $12 above the 52-week low of $17.5. (NASDAQ:SCHN). 357,911 were reported by Matarin Capital Mgmt. Millennium Mngmt Ltd Liability Corporation has invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Royal National Bank & Trust Of Canada holds 13,285 shares. (NYSE:FCN). Third Avenue Management Ltd Company holds 0.21% or 136,292 shares in its portfolio. (NASDAQ:SCHN) or 854 shares. Tfs Capital Ltd Liability invested in 0.39% or 39,285 shares. TheStreet upgraded Schnitzer Steel Industries from a "c+" rating to a "b" rating in a research note on Friday, June 30th. The Germany-based Deutsche Bank Ag has invested 0.01% in Schnitzer Steel Industries, Inc. Atlantic Trust Group Llc bought 2,085 shares as the company's stock rose 14.02% with the market. Us Commercial Bank De holds 374 shares or 0% of its portfolio. Mark Sheptoff Finance Planning Lc accumulated 15,464 shares. Zacks Investment Research upgraded Schnitzer Steel Industries from a "hold" rating to a "strong-buy" rating and set a $33.00 target price on the stock in a research note on Saturday. (NASDAQ:SCHN) news were published by: Streetinsider.com which released: "Schnitzer Steel (SCHN) Reports Prelim". Dimensional Fund Advsrs L P has 2.26 million shares.

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