ibusinesslines.com June 27, 2017

Analysts See $0.37 EPS for Schnitzer Steel Industries, Inc. (SCHN)

20 June 2017, 10:54 | Kelvin Horton

It has outperformed by 5.04% the S&P500. Rutabaga Capital Management Llc sold 130,662 shares as the company's stock declined 28.14% while stock markets rallied.

Investors sentiment increased to 4.76 in Q4 2016. Its down 0.83, from 2.33 in 2016Q3. It also reduced its holding in Agree Realty Corp (NYSE:ADC) by 9,500 shares in the quarter, leaving it with 55,900 shares, and cut its stake in Knight Transportation Inc (NYSE:KNX). Halliburton Company (NYSE:HAL) has risen 19.03% since June 16, 2016 and is uptrending. It has outperformed by 41.17% the S&P500. Schnitzer Steel Industries, Inc recently announced a dividend which was paid on Monday the 22nd of May 2017. Therefore 100% are positive. About shares traded. Schnitzer Steel Industries, Inc. The firm has "Equal-Weight" rating by Morgan Stanley given on Tuesday, November 24.

On September 16 Jefferies maintained a company rating of "Buy" but moved down the price target to $17.00 from $0.00.

Investors sentiment increased to 1.37 in Q4 2016.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Schnitzer Steel Industries, Inc. Schwab Charles Investment Management Inc expanded its position by buying 37,211 shares an increase of 10.2% in the quarter.

07/08/2015 - Schnitzer Steel Industries, Inc. was downgraded to "sector weight" by analysts at KeyBanc. (NASDAQ:SCHN) for 46,495 shares. The value of the total investment in Schnitzer Steel Industries, Inc decreased from $7,513,000 to $4,650,000 decreasing 38.1% quarter over quarter. (NASDAQ:SCHN) for 1,000 shares. Dynamic Cap Management Limited owns 15,507 shares or 0.04% of their U.S. portfolio. As of quarter end Morgan Stanley had bought a total of 17,775 shares growing its holdings by 717.9%. Moreover, Preferred Ltd has 0.01% invested in Schnitzer Steel Industries, Inc. Moreover, Vertex One Asset Management Inc. has 1.31% invested in the company for 304,655 shares. Highbridge Cap Limited Co stated it has 0.02% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) news were published by: Seekingalpha.com which released: "Schnitzer Steel Industries' (SCHN) CEO Tamara Lundgren on Q2 2017 Results ..." on April 06, 2017, also Nasdaq.com with their article: "Zacks.com featured highlights: Darden Restaurants, Schnitzer Steel Industries ..." published on May 31, 2017, Seekingalpha.com published: "Schnitzer Steel Industries' (SCHN) CEO Tamara Lundgren on Q1 2017 Results ..." on January 05, 2017. Alpha Windward LLC increased its position in Schnitzer Steel Industries by 5.6% in the first quarter. (NASDAQ:SCHN). Strs Ohio holds 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Kcg Incorporated holds 18,426 shares or 0.01% of its portfolio. Deutsche Bancorp Ag reported 42,049 shares.

Heartland Advisors Inc, which manages about $6.06 billion and $1.81 billion US Long portfolio, decreased its stake in Lamar Advertising Company New (NASDAQ:LAMR) by 51,797 shares to 205,223 shares, valued at $13.80 million in 2016Q4, according to the filing. Sg Americas Lc stated it has 0% in Schnitzer Steel Industries, Inc.

Separately, Zacks Investment Research upgraded shares of Schnitzer Steel Industries from a "hold" rating to a "strong-buy" rating and set a $22.00 price target for the company in a research note on Tuesday, May 9th. Schnitzer Steel Industries's quarterly revenue was up 32.2% compared to the same quarter a year ago. Schnitzer Steel Industries had 3 analyst reports since August 12, 2015 according to SRatingsIntel. Q3 EPS Tops Views" with publication date: "June 15, 2017.

Since January 5, 2017, it had 2 insider purchases, and 7 sales for $5.06 million activity. Its down 9.1% from 1.52M shares previously. 4,785 shares were sold by VESSEY RUPERT, worth $575,038. $370,608 worth of Halliburton Company (NYSE:HAL) was bought by Albrecht William E. Shares for $50,728 were sold by Jones Myrtle L. Carre Eric also sold $478,050 worth of Halliburton Company (NYSE:HAL) shares.

Short traders are more bullish recently if you take a look at the fall in short interest. On Friday, July 24 the stock rating was maintained by JMP Securities with "Mkt Outperform". Its up 0.83, from 0.85 in 2016Q3. It increased, as 64 investors sold HAL shares while 301 reduced holdings. 82 funds opened positions while 219 raised stakes. Thomson Horstmann & Bryant reported 88,930 shares.

The counter witnessed a trading volume of 0.62 million shares versus an average volume of 0.44 million shares during last trading session. Bank Of Mellon accumulated 238,536 shares. Stifel Corporation holds 0% or 13,046 shares in its portfolio. Point72 Asset Mgmt LP reported 0.52% stake. (NASDAQ:SCHN) to report $0.37 EPS on June, 29.They anticipate $0.09 EPS change or 19.57% from last quarter's $0.46 EPS. Lenox Wealth stated it has 303 shares. 722,823 shares of the stock were exchanged. 35,194 were reported by Fjarde Ap. Renaissance Limited Com holds 0.01% or 240,170 shares. Glenmede Co Na holds 163 shares or 0% of its portfolio. Wendell David Associates invested in 2.1% or 91,985 shares.

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