Capital Fund Management S.A. Purchases New Holdings in Steel Dynamics, Inc. (STLD)

Capital Fund Management S.A. purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 57,137 shares of the basic materials company’s stock, valued at approximately $2,464,000.

A number of other institutional investors have also modified their holdings of the business. SG Capital Management LLC bought a new position in shares of Steel Dynamics during the 4th quarter worth about $36,928,000. Boston Partners boosted its position in shares of Steel Dynamics by 3.6% during the 3rd quarter. Boston Partners now owns 16,977,310 shares of the basic materials company’s stock worth $585,208,000 after purchasing an additional 593,498 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Steel Dynamics by 13.2% during the 3rd quarter. Prudential Financial Inc. now owns 4,619,005 shares of the basic materials company’s stock worth $159,217,000 after purchasing an additional 539,480 shares in the last quarter. Korea Investment CORP boosted its position in shares of Steel Dynamics by 129.6% during the 3rd quarter. Korea Investment CORP now owns 681,300 shares of the basic materials company’s stock worth $23,484,000 after purchasing an additional 384,600 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. boosted its position in shares of Steel Dynamics by 44.9% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 1,087,000 shares of the basic materials company’s stock worth $37,469,000 after purchasing an additional 336,650 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

A number of equities analysts have recently issued reports on STLD shares. ValuEngine cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Cowen set a $43.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, December 18th. Longbow Research raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group reissued a “buy” rating on shares of Steel Dynamics in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Steel Dynamics presently has an average rating of “Buy” and a consensus target price of $46.64.

Steel Dynamics, Inc. (STLD) opened at $49.40 on Tuesday. Steel Dynamics, Inc. has a 1 year low of $32.15 and a 1 year high of $49.67. The firm has a market cap of $11,710.00, a PE ratio of 11.96, a P/E/G ratio of 1.07 and a beta of 1.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.04 and a quick ratio of 2.29.

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Steel Dynamics Profile

Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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