Steel Dynamics, Inc. (STLD) Stake Decreased by Dorsey Wright & Associates

Marco Green
September 14, 2017

News stories about Steel Dynamics (NASDAQ:STLD) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The Hillsdale Investment Management Inc holds 340 shares with $12,000 value, down from 14,540 last quarter. Bank of America upgraded Steel Dynamics, Inc. With the last stock price close down -6.61% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range.

Bw Gestao De Investimentos Ltda decreased its stake in Steel Dynamics Inc (STLD) by 62.5% based on its latest 2016Q4 regulatory filing with the SEC.

The stock of Devon Energy Corp (NYSE:DVN) is a huge mover today! It has outperformed by 27.69% the S&P500. Currently, the stock has a 1 Year Price Target of $42.92. The hedge fund held 136,847 shares of the oil & gas production company at the end of 2016Q4, valued at $2.92 million, down from 242,712 at the end of the previous reported quarter. Amazoncom now has $469.79 billion valuation. The stock rose 0.99% or $0.77 reaching $78.27 per share. About 711,281 shares traded. New York REIT Inc (NYSE:NYRT) has declined 9.21% since September 13, 2016 and is downtrending.

Investors sentiment increased to 1.26 in 2016 Q4. Its up 0.05, from 0.91 in 2016Q3. It improved, as 28 investors sold STLD shares while 162 reduced holdings. 82 funds opened positions while 101 raised stakes.

The company reported its EPS on 6/29/2017. Following the completion of the sale, the director now owns 1,005,666 shares of the company's stock, valued at approximately $38,637,687.72. 621,677 are held by American Century. Kistler has 0.02% invested in Steel Dynamics, Inc.

Lazard Asset Management Llc decreased its stake in Steel Dynamics (STLD) by 99.2% based on its latest 2016Q4 regulatory filing with the SEC. (NASDAQ:TRIP), its shares were trading at $44.82 a gain of $0.34, on the trading floor. (NASDAQ:STLD). Da Davidson & Co invested 0.01% of its portfolio in Steel Dynamics, Inc.

STLD has been the subject of several research reports. Natixis owns 656,463 shares for 0.24% of their portfolio. Guggenheim Cap Ltd Liability holds 0.01% or 64,883 shares. Company insiders own 4.20% of the company's stock. See Steel Dynamics, Inc. (NASDAQ:STLD) or 1.02M shares. Commonwealth Equity reported 14,803 shares. Finance Architects reported 0% in Steel Dynamics, Inc. (NASDAQ:STLD). 587 were accumulated by Architects. Prelude Capital Ltd Liability Company holds 0.04% or 8,610 shares. 171.99 million shares or 0.36% less from 172.62 million shares in 2016Q3 were reported. Asset Management holds 8,119 shares. It also reduced Unitedhealth Group Inc (NYSE:UNH) stake by 80,397 shares and now owns 246,617 shares. The company has a market capitalization of $7.96 billion, a PE ratio of 15.24 and a beta of 1.26.

Among 13 analysts covering ConAgra Foods (NYSE:CAG), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 37% are positive. The stock was trading at a distance of -17.20% from its 52-week highs and stands 45.94% away from its 52-week lows. The firm has "Buy" rating by Bank of America given on Friday, July 21. Three equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $27.63. (NASDAQ:STLD) earned "Neutral" rating by Rosenblatt on Tuesday, May 10. (NASDAQ:STLD) on Wednesday, January 13 with "Buy" rating. The company was maintained on Thursday, July 6 by Jefferies. The stock of Steel Dynamics, Inc. Cowen & Co maintained the shares of STLD in report on Monday, July 17 with "Buy" rating. The stock has an average rating of "Buy" and a consensus target price of $33.79. The company saw a rise in short interest of 10.58% between July 31, 2017 and August 15, 2017. The company was maintained on Friday, June 23 by Jefferies. BMO Capital Markets maintained the stock with "Buy" rating in Tuesday, June 20 report. Its up 0.03, from 1 in 2016Q3. 102 funds opened positions while 164 raised stakes. 201.62 million shares or 6.17% more from 189.89 million shares in 2016Q3 were reported. Globeflex LP reported 0.82% stake. It was reported on Sep, 13 by Barchart.com. Dupont Corp reported 118,808 shares or 0.09% of all its holdings. Principal Financial Group Inc. now owns 2,440,881 shares of the basic materials company's stock worth $84,845,000 after purchasing an additional 1,037,471 shares in the last quarter. (NASDAQ:STLD) for 5,690 shares. Tci Wealth Inc stated it has 0% in Rice Energy Inc (NYSE:RICE). The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.37 billion. First Personal Fincl holds 0.02% of its portfolio in SunTrust Banks, Inc. Jane Street Gru Ltd stated it has 0.05% in Lowe's Companies, Inc. (NASDAQ:STLD). Clearbridge Invests Limited Liability Company holds 0% or 290 shares in its portfolio. Tph Asset Management Limited Liability Co reported 938,825 shares. Elm Ridge Management Llc sold 76,200 shares as Popular Inc (BPOP)'s stock declined 15.91%. Canada Pension Plan Investment Board accumulated 0.05% or 384,761 shares. Therefore 62% are positive. Devon Energy Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Mkt Outperform" rating on Friday, October 9 by JMP Securities. The firm earned "Outperform" rating on Friday, January 29 by Oppenheimer.

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