The New Stone House Capital Management Holding in Castle A M & Co
Stone House Capital Management filed with the SEC SC 13D/A form for Castle A M & Co. The form can be accessed here: 000092189516006178. As reported in Stone House Capital Management’s form, the filler as of late owns 10.9% or 3,551,935 shares of the Materials–company.
Castle A M & Co stake is a new one for the and it was filed because of activity on November 9, 2016. We feel this shows Stone House Capital Management’s positive view for the stock.
Castle A M & Co Institutional Sentiment
Latest Security and Exchange filings show 46 investors own Castle A M & Co. The institutional ownership in Q3 2015 is low, at 56.49% of the outstanding shares. This is increased by 219927 the total institutional shares. 18389062 were the shares owned by these institutional investors. In total 4 funds opened new Castle A M & Co stakes, 10 increased stakes. There were 45 that closed positions and 16 reduced them.
Schneider Capital Management Corp is an institutional investor bullish on Castle A M & Co, owning 92372 shares as of Q3 2015 for 0.04% of its portfolio. Grace & White Inc owns 939646 shares or 0.48% of its portfolio. CA Hawk Ridge Management Llc have 0.22% of their stock portfolio for 131249 shares. Further, Nantahala Capital Management Llc reported stake worth 0.09% of its US stock portfolio. The NJ Raging Capital Management Llc owns 4630795 shares. Castle A M & Co is 1.35% of the manager’s US portfolio.
A. M. Castle & Co. is a specialty metals distribution company. The Company operates through two segments: Metal and Plastics. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services. Its products include alloy, aluminum, nickel, stainless steel, carbon and titanium. Inventories of these products assume various forms, such as plate, sheet, extrusions, round bar, hexagon bar, square and flat bar, tubing and coil. The Company’s Plastics segment includes its subsidiary, Total Plastics, Inc. (TPI). The Plastics segment stocks and distributes a range of plastics in forms that include plate, rod, tube, clear sheet, tape, gaskets and fittings. Processing activities within this segment include cut-to-length, cut-to-shape, bending and forming according to customer specifications. The Company distributes and performs processing on both metals and plastics.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.71, from 0.23 in 2016Q1. The ratio increased, as 6 funds sold all A. M. Castle & Co shares owned while 10 reduced positions. 8 funds bought stakes while 7 increased positions. They now own 13.31 million shares or 1.05% less from 13.45 million shares in 2016Q1.
Osterweis Capital Mngmt Inc last reported 2.41M shares in the company. Balasa Dinverno & Foltz Lc has 0% invested in the company for 620,614 shares. Blackrock Fund Advsr reported 32,672 shares or 0% of all its holdings. Nantahala Mngmt last reported 134,764 shares in the company. Millennium Management Ltd Limited Liability Company accumulated 14,044 shares or 0% of the stock. Css Limited Liability Co Il has 26,268 shares for 0% of their US portfolio. Federated Inc Pa accumulated 0% or 1,205 shares. California Employees Retirement Sys accumulated 22,300 shares or 0% of the stock. Citadel Advsr last reported 0% of its portfolio in the stock. Art Lc holds 42,204 shares or 0% of its portfolio. Barclays Public Ltd Limited Liability Company owns 23 shares or 0% of their US portfolio. Northern Tru Corporation, a Illinois-based fund reported 425,149 shares. Blackrock Inv Mngmt Limited has invested 0% of its portfolio in A. M. Castle & Co (NYSE:CAS). The New York-based Renaissance Technology Limited Com has invested 0% in A. M. Castle & Co (NYSE:CAS). Blackrock Advisors Llc holds 0% or 3,838 shares in its portfolio.
The stock 0.04% or $0 on November 14, hitting $0.5. It is down 84.42% since April 13, 2016 and is downtrending. It has underperformed by 88.35% the S&P500.
A. M. Castle & Co. is a specialty metals distribution company. The company has a market cap of $16.26 million. The Firm operates through two divisions: Metal and Plastics. It currently has negative earnings. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services.
More notable recent A. M. Castle & Co (NYSE:CAS) news were published by: Reuters.com which released: “BRIEF-AM Castle & Co. Announces Series of Strategic Actions as Part of …” on November 04, 2016, also Globenewswire.com with their article: “A. M. Castle & Co. Announces Date for Third Quarter 2016 Earnings Release …” published on November 04, 2016, Streetinsider.com published: “A.M. Castle & Co. (CAS) Reports Series of Strategic Actions” on November 04, 2016. More interesting news about A. M. Castle & Co (NYSE:CAS) were released by: Businesswire.com and their article: “A.M. Castle & Co. Announces Sale of Energy Inventory to Triple-S Tube Supply …” published on February 22, 2016 as well as Businesswire.com‘s news article titled: “A.M. Castle & Co. Announces Close of Sale of Total Plastics, Inc.” with publication date: March 15, 2016.
According to Zacks Investment Research, “A. M. Castle & Co. is one of North America’s largest, independent metals service center companies. They emphasis the more highly engineered grades and alloys of metals and have strong service commitments.”
CAS Company Profile
A. M. Castle & Co., incorporated on April 26, 2001, is a specialty metals distribution company. The Firm operates through two divisions: Metal and Plastics. The Firm distributes and performs processing on both metals and plastics. The Firm provides a range of products and value-added processing and supply chain services to an array of customers. The Company’s metals clients are principally within the producer durable equipment, gas and oil, aerospace, heavy industrial equipment, industrial goods and construction equipment sectors of the global economy, and its plastics clients are primarily in the retail, marine and automotive sectors. The Firm operates out of over 20 metals service centers in locations, including North America, Europe and Asia, and over 20 plastics service centers located in the United States.
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