Schnitzer Steel Industries, Inc. (SCHN) Downgraded by Zacks Investment Research to "Hold"

Bruno Cirelli
Agosto 9, 2017

Chilton Investment Co Llc sold 30,710 shares as First Rep Bk San Francisco C (FRC)'s stock declined 5.64%. BNP Paribas Arbitrage SA now owns 123,135 shares of the basic materials company's stock valued at $2,543,000 after buying an additional 118,278 shares in the last quarter. The company has market cap of $685.23 million. The stock rose 0.82% or $0.83 reaching $101.69.

About 212,606 shares traded. (NASDAQ:SCHN) has risen 21.74% since August 8, 2016 and is uptrending. It has outperformed by 5.25% the S&P500. The hedge fund run by John Thiessen held 304,655 shares of the consumer durables company at the end of 2016Q4, valued at $7.83M, down from 408,655 at the end of the previous reported quarter. Connor Clark Lunn Investment Mgmt owns 125,598 shares. This represents a $0.75 annualized dividend and a dividend yield of 2.98%. "(NASDAQ:SCHN)" was first published by Transcript Daily and is the property of of Transcript Daily. Its up 0.05, from 0.88 in 2016Q3. 27 funds opened positions while 24 raised stakes. Tortoise Cap Advisors Limited Liability Com invested in 900 shares or 0% of the stock. Stifel Financial holds 13,046 shares. Topbuild Corp was raised too. Navellier Assocs holds 0.04% or 4,556 shares in its portfolio. Its up 11.3% from 1.28M shares, reported previously. Los Angeles Cap Equity Incorporated reported 46,495 shares. Blackrock reported 55,809 shares or 0% of all its holdings. Integral Derivatives Ltd Liability Corporation invested in 0.08% or 34,949 shares. Blackrock Incorporated invested 0% of its portfolio in NewStar Financial Inc (NASDAQ:NEWS). 358,641 are held by Ameriprise Fincl Incorporated. Moreover, Parkwood Ltd Llc has 0.08% invested in Chevron Corporation (NYSE:CVX) for 4,330 shares. Creative Planning reported 788 shares. Scopus Asset Management LP reported 0.09% stake. Seekingalpha.com's article titled: "Ebix - Growth At An Attractive Price" and published on July 09, 2017 is yet another important article. Newstar Financial Inc now has $444.71 million valuation. (NASDAQ:SCHN) for 120,862 shares. Benz Hans U also sold $169,050 worth of Ebix Inc (NASDAQ:EBIX) on Tuesday, May 30. They expect $0.67 EPS, down 4.29% or $0.03 from last year's $0.7 per share.

Since March 13, 2017, it had 0 insider purchases, and 1 insider sale for $13.79 million activity. After $0.83 actual EPS reported by Ebix Inc for the previous quarter, Wall Street now forecasts -19.28% negative EPS growth.

Among 17 analysts covering First Republic Bank (NYSE:FRC), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 69% are positive. Schnitzer Steel Industries had 3 analyst reports since August 12, 2015 according to SRatingsIntel. (NYSE:THR) stake by 268,050 shares to 366,514 valued at $7.00 million in 2016Q4. Wedbush Securities Inc. increased its stake in Schnitzer Steel Industries by 37.4% in the second quarter.

Investors sentiment increased to 1.37 in 2016 Q4. Its down 0.08, from 1.07 in 2016Q3.

11/24/2015 - Schnitzer Steel Industries, Inc. was upgraded to "equal weight" by analysts at Morgan Stanley. 212606 shares were traded on Schnitzer Steel Industries, Inc.'s last session. (NASDAQ:SCHN) was down -0.20% during the last trading session, with a day high of 25.55. 64,687 were reported by Susquehanna Interest Gp Llp. Kcg Holdings holds 0.01% or 18,426 shares in its portfolio. Alpha Windward Ltd Liability Com stated it has 17,100 shares. Blackrock holds 7,147 shares. Rutabaga Capital Management Llc sold 130,662 shares as Schnitzer Steel Industries Inc. (NASDAQ:SCHN) for 59,260 shares. State Street stated it has 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 100,000 shares.

09/16/2015 - Schnitzer Steel Industries, Inc. had its "buy" rating reiterated by analysts at Jefferies. (NASDAQ:SCHN) for 771,323 shares. They expect $1.17 EPS, up 17.00% or $0.17 from last year's $1 per share. (NASDAQ:SCHN) to report earnings on October, 24. During the same period past year, the company posted $0.46 EPS. SCHN's profit will be $11.09 million for 15.73 P/E if the $0.41 EPS becomes a reality. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.56. Morgan Stanley owned approximately 1.76% of Schnitzer Steel Industries worth $10,014,000 at the end of the most recent reporting period.

TRADEMARK VIOLATION NOTICE: "Swiss National Bank Holds Position in Schnitzer Steel Industries, Inc".

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