The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is a huge mover today! About 547,877 shares traded hands or 25.38% up from the average. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 35.59% since April 20, 2016 and is uptrending. It has outperformed by 31.03% the S&P500.
The move comes after 7 months positive chart setup for the $818.06M company. It was reported on Nov, 22 by Barchart.com. We have $31.67 PT which if reached, will make NASDAQ:SCHN worth $57.26M more.
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage
Out of 2 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Schnitzer Steel Industries has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, September 16, the company rating was maintained by Jefferies. Morgan Stanley upgraded the shares of SCHN in a report on Tuesday, November 24 to “Equal-Weight” rating. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Buy”.
According to Zacks Investment Research, “Schnitzer Steel Industries, Inc. collects, processes and recycles metals by operating one of the largest metals recycling businesses in the United States. They also manufacture finished steel products at their technologically advanced steel mini-mill.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.36, from 1.41 in 2016Q1. The ratio is negative, as 14 funds sold all Schnitzer Steel Industries, Inc. shares owned while 42 reduced positions. 30 funds bought stakes while 49 increased positions. They now own 23.68 million shares or 0.54% more from 23.56 million shares in 2016Q1.
Voya Management accumulated 0% or 13,661 shares. Analytic Investors Ltd Limited Liability Company, a California-based fund reported 17,603 shares. The Massachusetts-based Panagora Asset Management has invested 0.02% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Rutabaga Capital Ltd Com Ma has 3.41% invested in the company for 1.04M shares. Moreover, Kennedy has 0.07% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 198,014 shares. Barclays Pcl owns 222 shares or 0% of their US portfolio. Axa has 7,000 shares for 0% of their US portfolio. Citadel Ltd Com has invested 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Pzena Investment Limited Company has 0.11% invested in the company for 1.02M shares. Tortoise Capital Advisors Ltd Liability Com, a Kansas-based fund reported 900 shares. Pnc Financial Svcs Grp Inc Inc holds 2,000 shares or 0% of its portfolio. Tower Rech Cap Llc (Trc), a New York-based fund reported 10,933 shares. Blackrock Inv Mngmt Lc last reported 113,627 shares in the company. Robeco Institutional Asset Bv reported 90,931 shares or 0.01% of all its holdings. Cornerstone Cap Management Ltd Limited Liability Company has invested 0.02% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).
Insider Transactions: Since July 5, 2016, the stock had 0 insider purchases, and 6 selling transactions for $395,374 net activity. 1,200 shares were sold by Heiskell Steven, worth $28,332 on Monday, October 31. 686 shares were sold by Saba Peter B, worth $16,766. Dyck Jeffery sold $162,103 worth of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) on Tuesday, July 5. Peach Richard also sold $96,280 worth of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) on Monday, October 31. Henderson Michael R also sold $74,431 worth of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) on Monday, October 31. The insider Gaggini Stefano R. sold $17,462.
More important recent Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) news were published by: Marketwatch.com which released: “Schnitzer Steel shares halted at $19.41, larger loss expected” on June 30, 2009, also Quotes.Wsj.com published article titled: “News Schnitzer Steel Industries Inc.SCHN”, Thestreet.com published: “Commit To Buy Schnitzer Steel Industries At $19, Earn 11.2% Annualized Using …” on November 03, 2016. More interesting news about Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) was released by: Fool.com and their article: “Why Starz, Schnitzer Steel Industries, and Shutterstock Jumped Today” with publication date: June 30, 2016.
SCHN Company Profile
Schnitzer Steel Industries, Inc., incorporated on July 30, 1946, is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a maker of finished steel products. The Firm operates through two divisions: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). 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. The SMB segment produces finished steel products, such as rebar, wire rod, coiled rebar, merchant bar and other specialty products using recycled metal sourced from AMR.
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