Holder Secor Capital Advisors LP Raised Steel Dynamics INC (STLD) Holding

April 25, 2018 - By Louis Casey

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 0.97 in Q4 2017. Its up 0.14, from 0.83 in 2017Q3. It is positive, as 32 investors sold STLD shares while 158 reduced holdings. 71 funds opened positions while 113 raised stakes. 188.84 million shares or 1.01% less from 190.76 million shares in 2017Q3 were reported. Daiwa Secs Gp Inc has invested 0% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Andra Ap reported 106,700 shares stake. Mutual Of America Capital Mngmt Limited Liability holds 245,001 shares. British Columbia Inv Mgmt holds 236,702 shares or 0.07% of its portfolio. Vanguard Grp has 19.87M shares. Bb&T Securities has 0% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 8,134 shares. Huntington Bancorporation reported 47 shares. Verity Asset Mngmt stated it has 0.67% in Steel Dynamics, Inc. (NASDAQ:STLD). Td Asset Mngmt holds 0% or 55,875 shares in its portfolio. Bnp Paribas Arbitrage owns 212,509 shares. Cetera Advisor Lc stated it has 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Bank Of Mellon reported 0.04% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Lazard Asset Management Limited Liability invested in 6.56 million shares or 0.54% of the stock. Zacks Investment Management owns 67,393 shares. Voya Mgmt Ltd Liability Co accumulated 434,410 shares.

Secor Capital Advisors Lp increased its stake in Steel Dynamics Inc (STLD) by 2718.22% based on its latest 2017Q4 regulatory filing with the SEC. Secor Capital Advisors Lp bought 217,349 shares as the company’s stock declined 0.53% with the market. The hedge fund held 225,345 shares of the basic industries company at the end of 2017Q4, valued at $9.72M, up from 7,996 at the end of the previous reported quarter. Secor Capital Advisors Lp who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $10.95B market cap company. The stock increased 1.33% or $0.61 during the last trading session, reaching $46.35. About 876,536 shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 27.57% since April 25, 2017 and is uptrending. It has outperformed by 16.02% the S&P500.

Secor Capital Advisors Lp, which manages about $500.47M and $2.52B US Long portfolio, decreased its stake in Las Vegas Sands Corp (NYSE:LVS) by 55,682 shares to 42,830 shares, valued at $2.98M in 2017Q4, according to the filing. It also reduced its holding in Box Inc by 177,774 shares in the quarter, leaving it with 85,632 shares, and cut its stake in Allison Transmission Hldgs I (NYSE:ALSN).

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Among 12 analysts covering Steel Dynamics (NASDAQ:STLD), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Steel Dynamics had 17 analyst reports since December 18, 2017 according to SRatingsIntel. Credit Suisse maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Wednesday, January 24. Credit Suisse has “Outperform” rating and $53 target. The stock has “Buy” rating by BMO Capital Markets on Tuesday, January 23. The firm has “Buy” rating by Cowen & Co given on Thursday, January 4. The stock has “Buy” rating by Deutsche Bank on Thursday, March 29. The firm has “Buy” rating given on Tuesday, January 23 by Jefferies. Bank of America maintained it with “Buy” rating and $51.0 target in Monday, January 8 report. As per Tuesday, January 9, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Monday, February 5 by Cowen & Co. Morgan Stanley maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Tuesday, April 17. Morgan Stanley has “Equal-Weight” rating and $50 target. The rating was maintained by Cowen & Co with “Buy” on Wednesday, January 24.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

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