Steel Dynamics INC (STLD) Holding Raised by Secor Capital Advisors Lp

May 17, 2018 - By Bradley Stiles

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 0.97 in Q4 2017. Its up 0.14, from 0.83 in 2017Q3. It is positive, as 32 investors sold STLD shares while 158 reduced holdings. 71 funds opened positions while 113 raised stakes. 188.84 million shares or 1.01% less from 190.76 million shares in 2017Q3 were reported. Us State Bank De holds 0.01% or 54,463 shares in its portfolio. Oppenheimer owns 35,015 shares for 0.04% of their portfolio. Wellington Grp Limited Liability Partnership accumulated 1.85 million shares or 0.02% of the stock. Barclays Public Ltd Company reported 102,338 shares. The Tennessee-based Ftb Advsr has invested 0% in Steel Dynamics, Inc. (NASDAQ:STLD). Paradigm Asset Management Co Ltd Liability holds 0.02% or 1,800 shares. Balyasny Asset Mngmt Limited Liability Corp reported 0.03% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Ent Svcs holds 0% or 62 shares. The France-based Credit Agricole S A has invested 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Mutual Of America Cap Management Limited Liability Corporation owns 245,001 shares or 0.16% of their US portfolio. Ing Groep Nv stated it has 6,454 shares. Clarivest Asset Management Ltd Limited Liability Company owns 1.07 million shares. Nikko Asset Mgmt Americas owns 786,600 shares. Strs Ohio invested in 282,854 shares. Verity Asset Mgmt Inc holds 0.67% or 19,599 shares.

Secor Capital Advisors Lp increased its stake in Steel Dynamics Inc (STLD) by 2718.22% based on its latest 2017Q4 regulatory filing with the SEC. Secor Capital Advisors Lp bought 217,349 shares as the company’s stock declined 0.53% with the market. The hedge fund held 225,345 shares of the basic industries company at the end of 2017Q4, valued at $9.72 million, up from 7,996 at the end of the previous reported quarter. Secor Capital Advisors Lp who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $12.14B market cap company. The stock increased 1.03% or $0.53 during the last trading session, reaching $51.47. About 1.58M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 27.57% since May 17, 2017 and is uptrending. It has outperformed by 16.02% the S&P500.

Secor Capital Advisors Lp, which manages about $500.47M and $2.52 billion US Long portfolio, decreased its stake in Las Vegas Sands Corp (NYSE:LVS) by 55,682 shares to 42,830 shares, valued at $2.98M in 2017Q4, according to the filing. It also reduced its holding in Allison Transmission Hldgs I (NYSE:ALSN) by 161,215 shares in the quarter, leaving it with 89,779 shares, and cut its stake in Phillips 66 (NYSE:PSX).

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Seekingalpha.com which released: “Steel Dynamics reports strong Q1 results” on April 19, 2018. Also Themiddlemarket.com published the news titled: “M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods” on May 15, 2018. Streetinsider.com‘s news article titled: “Steel Dynamics (STLD) to Acquire CSN Heartland Flat Roll Operations for $400M” with publication date: May 14, 2018 was also an interesting one.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Among 12 analysts covering Steel Dynamics (NASDAQ:STLD), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Steel Dynamics had 17 analyst reports since December 18, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, January 4 with “Buy”. As per Tuesday, April 17, the company rating was maintained by Morgan Stanley. BMO Capital Markets maintained it with “Buy” rating and $55.0 target in Tuesday, January 23 report. On Monday, January 8 the stock rating was maintained by Bank of America with “Buy”. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, January 10. On Wednesday, January 24 the stock rating was maintained by Credit Suisse with “Outperform”. Deutsche Bank maintained the shares of STLD in report on Thursday, March 29 with “Buy” rating. The rating was maintained by Cowen & Co with “Buy” on Thursday, April 19. Citigroup maintained the shares of STLD in report on Tuesday, April 24 with “Buy” rating. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Longbow on Wednesday, December 20.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

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