Schnitzer Steel Industries Inc. (SCHN) Given Hold Rating at DA Davidson
Separately, Zacks Investment Research downgraded shares of Schnitzer Steel Industries from a hold rating to a strong sell rating in a report on Thursday, June 16th.
Schnitzer Steel Industries (NASDAQ:SCHN) traded up 0.57% on Tuesday, reaching $21.02. The company’s stock had a trading volume of 124,140 shares. The stock’s 50 day moving average price is $19.13 and its 200 day moving average price is $18.42. The company’s market cap is $573.01 million. Schnitzer Steel Industries has a 12 month low of $11.70 and a 12 month high of $21.59.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in Schnitzer Steel Industries during the second quarter worth $108,000. Rational Advisors LLC bought a new stake in Schnitzer Steel Industries during the second quarter worth $117,000. AXA bought a new stake in Schnitzer Steel Industries during the second quarter worth $123,000. BlackRock Inc. increased its stake in Schnitzer Steel Industries by 446.9% in the second quarter. BlackRock Inc. now owns 10,381 shares of the company’s stock worth $182,000 after buying an additional 8,483 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in Schnitzer Steel Industries by 1,054.7% in the second quarter. Acrospire Investment Management LLC now owns 10,508 shares of the company’s stock worth $185,000 after buying an additional 9,598 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
Schnitzer Steel Industries Company Profile
Schnitzer Steel Industries, Inc (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).
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