Commercial Metals Co (NYSE:CMC) Move as Institutional Investors’ Sentiment Drops

July 17, 2017 - By test

 Commercial Metals Co (NYSE:CMC) Move  as Institutional Investors' Sentiment  Drops

Sentiment for Commercial Metals Co (NYSE:CMC)

Commercial Metals Co (NYSE:CMC) institutional sentiment decreased to 0.89 in 2016 Q4. Its down -0.13, from 1.02 in 2016Q3. The ratio turned negative, as 102 investment managers increased or opened new stock positions, while 115 sold and decreased stock positions in Commercial Metals Co. The investment managers in our partner’s database reported: 100.06 million shares, up from 99.67 million shares in 2016Q3. Also, the number of investment managers holding Commercial Metals Co in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 31 Reduced: 84 Increased: 63 New Position: 39.

Commercial Metals Company, together with its subsidiaries, makes, recycles and markets steel and metal products, related materials and services through a network. The company has market cap of $2.28 billion. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. It has a 30.4 P/E ratio. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar , angles, flats and rounds.

About 728,270 shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since July 17, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Keeley Asset Management Corp holds 1.7% of its portfolio in Commercial Metals Company for 1.83 million shares. Parametrica Management Ltd owns 51,528 shares or 1.11% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.09% invested in the company for 813,685 shares. The Texas-based Hodges Capital Management Inc. has invested 0.86% in the stock. Secor Capital Advisors Lp, a New York-based fund reported 323,121 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $43,472 activity.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Ratings analysis reveals 42% of Commercial Metals’s analysts are positive. Out of 12 Wall Street analysts rating Commercial Metals, 5 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $15 while the high is $27. The stock’s average target of $18.40 is -8.41% below today’s ($20.09) share price. CMC was included in 26 notes of analysts from August 17, 2015. On Wednesday, September 16 the stock rating was maintained by Jefferies with “Buy”. As per Thursday, October 29, the company rating was maintained by DA Davidson. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Citigroup on Monday, August 22. The stock of Commercial Metals Company (NYSE:CMC) earned “Neutral” rating by Credit Suisse on Monday, March 28. The stock of Commercial Metals Company (NYSE:CMC) earned “Hold” rating by Jefferies on Monday, March 21. On Friday, November 11 the stock rating was downgraded by DA Davidson to “Neutral”. Zacks upgraded Commercial Metals Company (NYSE:CMC) rating on Wednesday, September 2. Zacks has “Buy” rating and $17 target. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, March 28. Credit Agricole initiated the stock with “Buy” rating in Monday, August 17 report. The stock of Commercial Metals Company (NYSE:CMC) has “Buy” rating given on Wednesday, November 9 by Citigroup.

More notable recent Commercial Metals Company (NYSE:CMC) news were published by: Prnewswire.com which released: “Commercial Metals Company Announces Promotion Of Smith To President And Chief …” on June 26, 2017, also Streetinsider.com with their article: “Commercial Metals Company (CMC) PT Raised to $20 at BofA/Merrill Lynch on 3Q …” published on June 23, 2017, Prnewswire.com published: “Commercial Metals Company Announces Early Participation Results and Early …” on July 11, 2017. More interesting news about Commercial Metals Company (NYSE:CMC) were released by: Nasdaq.com and their article: “Why Commercial Metals (CMC) Could Be Positioned for a Surge” published on July 17, 2017 as well as Nasdaq.com‘s news article titled: “Commercial Metals Company (CMC) Ex-Dividend Date Scheduled for July 03, 2017” with publication date: June 30, 2017.

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