Steel Dynamics Inc (NASDAQ:STLD).
Raymond James & Associates reports that it decreased its ownership in Steel Dynamics Inc by 3.5% in its quarterly SEC filing. Its position was worth $19,461,000 a decrease of $1,499,000 according to the filing.
These firms have modified their investment in STLD. As of the end of the quarter Tredje Ap-fonden had acquired a total of 18,350 shares growing its holdings by 134.2%. The value in dollars went from $492,000 to $1,109,000 a change of $617,000 quarter over quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its investment by buying 7,378 shares an increase of 20.9%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 42,665 shares worth $1,471,000. The total value of its holdings increased 16.4%.
Brave Asset Management Inc added to its holdings by buying 3,559 shares an increase of 8.0% from 06/30/2017 to 09/30/2017. Brave Asset Management Inc now holds 47,774 shares valued at $1,647,000. The value of the position overall is up by 4.0%.
Morgan Stanley released a research note on STLD with a rating of “Hold” and projecting a price target of $36.00. On October 20 analysts at Cowen and Company issued a report on STLD stating a rating of “Buy” and price target of $43.00.
Bank of America Corporation raised the price target on October 20 changing the forecast from $44.00 to $45.00 with a “Buy” recommendation. Equity analyst Citigroup raised the price target of the stock on October 20 boosting the projection from $41.00 to $42.00 and stated a “Buy” rating.
On October 6 Jefferies Group LLC made no change to the company rating of “Buy” projecting a price of $43.00.
The company is so far trading up by 0.16% since yesterday’s close of 36.55. The company currently has a P/E ratio of 16.87 and market cap is 8.67B. In the latest earnings report the EPS was $2.17 with 236.95M shares now outstanding.
Traders are a little more bearish on shares of the company recently if you evaluate the uptick in short interest. The firm experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 0.40%. Short interest grew 35,573 over that timeframe. Days to cover decreased -1.0 to 3.0 and the percentage of shorted shares was 0.04% on October 13.