SG Americas Securities LLC decreased its holdings in shares of Commercial Metals (NYSE:CMC) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,690 shares of the basic materials company’s stock after selling 3,014 shares during the quarter. SG Americas Securities LLC’s holdings in Commercial Metals were worth $965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cim Investment Mangement Inc. acquired a new stake in shares of Commercial Metals during the 2nd quarter worth about $359,000. Strs Ohio increased its position in shares of Commercial Metals by 415.3% during the 2nd quarter. Strs Ohio now owns 43,800 shares of the basic materials company’s stock worth $924,000 after purchasing an additional 35,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Commercial Metals during the 2nd quarter worth about $667,000. Mesirow Financial Investment Management Equity Management increased its position in shares of Commercial Metals by 2.0% during the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 458,448 shares of the basic materials company’s stock worth $9,677,000 after purchasing an additional 9,015 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its position in shares of Commercial Metals by 8.1% during the 2nd quarter. IndexIQ Advisors LLC now owns 106,911 shares of the basic materials company’s stock worth $2,257,000 after purchasing an additional 7,995 shares in the last quarter. Institutional investors own 89.58% of the company’s stock.

CMC opened at $20.82 on Friday. The company has a quick ratio of 2.73, a current ratio of 3.90 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 33.58 and a beta of 1.36. Commercial Metals has a 1-year low of $17.38 and a 1-year high of $26.72.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, June 21st. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.27 billion. Commercial Metals had a net margin of 1.21% and a return on equity of 8.65%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. equities research analysts forecast that Commercial Metals will post 1.49 EPS for the current year.

CMC has been the subject of a number of recent analyst reports. Bank of America cut shares of Commercial Metals from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 27th. Zacks Investment Research cut shares of Commercial Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Macquarie reiterated a “neutral” rating on shares of Commercial Metals in a research report on Thursday, May 31st. Citigroup increased their target price on shares of Commercial Metals from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, June 12th. Finally, Goldman Sachs Group upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

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Institutional Ownership by Quarter for Commercial Metals (NYSE:CMC)

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