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Commercial Metals (NYSE:CMC) Stock Position Lessened by Exane Derivatives

Commercial Metals (NYSE:CMC) Stock Position Lessened by Exane Derivatives #Commercial #Metals #NYSECMC #Stock #Position #Lessened #Exane #Derivatives Welcome to Americanah Blog, here is the new story we have for you today:

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Exane Derivatives decreased its holdings in Commercial Metals (NYSE:CMCGet Rating) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,454 shares of the basic materials company’s stock after selling 526 shares during the quarter. Exane Derivatives’ holdings in Commercial Metals were worth $180,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Commercial Metals by 222.2% in the first quarter. CWM LLC now owns 828 shares of the basic materials company’s stock valued at $34,000 after buying an additional 571 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Commercial Metals by 920.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,020 shares of the basic materials company’s stock valued at $42,000 after buying an additional 920 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Commercial Metals by 251.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,411 shares of the basic materials company’s stock valued at $59,000 after buying an additional 1,010 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Commercial Metals by 51.5% in the first quarter. Exchange Traded Concepts LLC now owns 1,720 shares of the basic materials company’s stock valued at $72,000 after buying an additional 585 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Commercial Metals by 7,166.7% in the first quarter. Covestor Ltd now owns 1,962 shares of the basic materials company’s stock valued at $82,000 after buying an additional 1,935 shares during the period. Institutional investors own 85.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Commercial Metals from $42.00 to $38.00 in a report on Tuesday, May 31st. Citigroup upped their price objective on Commercial Metals to $42.00 in a report on Tuesday, September 13th. KeyCorp reduced their target price on Commercial Metals from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Credit Suisse Group upped their target price on Commercial Metals from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, June 17th. Finally, StockNews.com downgraded Commercial Metals from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.78.

Commercial Metals Trading Down 2.7 %

Shares of NYSE CMC opened at $37.46 on Wednesday. The business has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $39.40. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 4.26 and a beta of 1.22. The company has a quick ratio of 1.51, a current ratio of 2.48 and a debt-to-equity ratio of 0.36. Commercial Metals has a 12 month low of $29.14 and a 12 month high of $46.68.

Insider Buying and Selling

In related news, SVP Ty L. Garrison sold 20,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $39.28, for a total value of $785,600.00. Following the completion of the sale, the senior vice president now directly owns 114,609 shares of the company’s stock, valued at approximately $4,501,841.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Commercial Metals Profile

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Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

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

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