Are Hedge Funds Betting Against Commercial Metals Company (CMC)?

Zacks Investment Research lowered shares of Commercial Metals Company (NYSE:CMC) from a hold rating to a sell rating in a research report report published on Tuesday, June 20th. The firm owned 96,166 shares of the basic materials company's stock after selling 154,655 shares during the period. Hsbc Public Ltd Liability Com has invested 0% in Commercial Metals Company (NYSE:CMC). Sit Investment Associates Inc. raised its stake in Commercial Metals Company by 431.4% in the first quarter. Advantus Capital Management Inc boosted its stake in Commercial Metals Company by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 7,000 shares of the basic materials company's stock valued at $134,000 after buying an additional 840 shares in the last quarter.

Walthausen & Company increased Mgp Ingredients Inc (NASDAQ:MGPI) stake by 30,480 shares to 305,610 valued at $15.27 million in 2016Q4. Norges Bank acquired a new stake in shares of Commercial Metals Company during the fourth quarter valued at $38,100,000. Institutional investors and hedge funds own 89.73% of the company's stock.

Commercial Metals Company (NYSE:CMC) traded down 2.12% during trading on Friday, hitting $19.83. The stock increased 1.55% or $0.31 during the last trading session, reaching $20.26. This change led market cap to move at $2.37B, putting the price -17.78% below the 52-week high and 39.01% above the 52-week low. $4.75's average target is -1.04% below currents $4.8 stock price. Commercial Metals Company has a 52-week low of $14.57 and a 52-week high of $24.64.

Shares of Commercial Metals Company (NYSE:CMC) opened at 19.83 on Friday.

Mosaic Company (The) (MOS) Position Cut by Ameriprise Financial Inc
It fall, as 57 investors sold MOS shares while 192 reduced holdings. 58 funds opened positions while 140 raised stakes. Equities research analysts predict that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

In the last reported quarter, Commercial Metals Company reported its Actual EPS (earnings per share) of $0.34/share where most of the analysts working on this stock were estimating the EPS to be $0.24/share.

The Average Volume for 10 days is 1.81 Million for Commercial Metals Company (NYSE:CMC). The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $0.31 EPS.

06/13/2017 - Commercial Metals Company was upgraded to " by analysts at Citigroup.

The company has mean EPS estimate of 0.28 reported by 8 number of analyst for the quarter ending Current Qtr.(Aug2017).

England, South Africa ready for the battle for final
Three overs later, captain Stafanie Taylor chose not to review a questionable lbw decision and perished without scoring. Opener Hayley Mathews (29 from 64 balls) and Chedean Nation (23 from 57) were the main contributor for West Indies .

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, July 6th will be issued a $0.12 dividend. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.78 average brokerage recommendation. The ex-dividend date has been established as Monday the 3rd of April 2017. Commercial Metals Company's payout ratio is 73.85%.

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The stock shows a Short Ratio of 3.54 with the total number of Shares Short (Previous Month) of 6.02 Million. Bank of America Corporation downgraded shares of Commercial Metals Company from a buy rating to a neutral rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Thursday, June 8th. Jefferies Group LLC reissued a "hold" rating and issued a $19.00 target price on shares of Commercial Metals Company in a research note on Wednesday, June 28th. Finally, Clarkson Capital downgraded shares of Commercial Metals Company from a neutral rating to a sell rating in a report on Thursday, March 2nd. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Liberty Mutual Group Asset Management Inc.'s holdings in Commercial Metals Company were worth $1,004,000 as of its most recent SEC filing.

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network.

HC denies any relief to Essar Steel in insolvency case
RBI counsel Darius Khambata said the steel firm had suppressed facts and misled the court to get a favourable decision. Meanwhile, bankruptcy proceedings have also been filed on Essar Steel Ltd and Monnet Ispat and Energy Ltd.

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