Guggenheim Capital LLC Decreases Position in Commercial Metals Company (CMC)

Guggenheim Capital LLC cut its position in shares of Commercial Metals Company (NYSE:CMC) by 37.4% during the fourth quarter, Holdings Channel reports. The firm owned 173,858 shares of the company’s stock after selling 103,847 shares during the period. Guggenheim Capital LLC’s holdings in Commercial Metals Company were worth $3,787,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMC. Elkfork Partners LLC bought a new stake in shares of Commercial Metals Company during the fourth quarter worth $105,000. LS Investment Advisors LLC boosted its stake in shares of Commercial Metals Company by 7.6% in the third quarter. LS Investment Advisors LLC now owns 7,379 shares of the company’s stock worth $119,000 after buying an additional 520 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Commercial Metals Company during the fourth quarter worth approximately $168,000. Acrospire Investment Management LLC boosted its stake in shares of Commercial Metals Company by 130.2% in the third quarter. Acrospire Investment Management LLC now owns 12,730 shares of the company’s stock worth $206,000 after buying an additional 7,200 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in shares of Commercial Metals Company during the third quarter worth approximately $212,000. 88.74% of the stock is owned by hedge funds and other institutional investors.

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

Commercial Metals Company (NYSE:CMC) opened at 18.79 on Tuesday. Commercial Metals Company has a 52 week low of $14.57 and a 52 week high of $24.64. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 61.81 and a beta of 1.38. The stock’s 50 day moving average is $20.75 and its 200-day moving average is $19.43.

Commercial Metals Company (NYSE:CMC) last released its quarterly earnings results on Monday, January 9th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.06. The firm had revenue of $1.08 billion for the quarter. Commercial Metals Company had a net margin of 0.79% and a return on equity of 6.77%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. On average, equities research analysts expect that Commercial Metals Company will post $0.82 EPS for the current year.

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A number of equities research analysts have recently commented on CMC shares. Deutsche Bank AG reduced their target price on shares of Commercial Metals Company to $26.00 in a report on Tuesday. Zacks Investment Research raised shares of Commercial Metals Company from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, December 30th. Jefferies Group LLC cut shares of Commercial Metals Company from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Monday, December 12th. They noted that the move was a valuation call. Clarkson Capital raised shares of Commercial Metals Company from a “sell” rating to a “neutral” rating and upped their target price for the company from $16.00 to $18.00 in a report on Wednesday, February 15th. Finally, Citigroup Inc cut shares of Commercial Metals Company from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a report on Thursday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Commercial Metals Company presently has an average rating of “Hold” and an average target price of $20.56.

In related news, VP Adam R. Hickey sold 2,085 shares of the firm’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $20.85, for a total transaction of $43,472.25. Following the completion of the sale, the vice president now directly owns 30,835 shares of the company’s stock, valued at approximately $642,909.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Commercial Metals Company Company Profile

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

5 Day Chart for NYSE:CMC

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