Commercial Metals Co (CMC) Shareholder Regis Management Co LLC Has Decreased Stake

August 11, 2017 - By Migdalia James

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.13, from 1.02 in 2016Q3. It is negative, as 31 investors sold CMC shares while 84 reduced holdings. 39 funds opened positions while 63 raised stakes. 100.06 million shares or 0.40% more from 99.67 million shares in 2016Q3 were reported. Louisiana State Employees Retirement Sys holds 28,600 shares or 0.03% of its portfolio. Schwab Charles Inv Management Inc invested in 561,906 shares or 0.01% of the stock. Teachers Retirement Of The State Of Kentucky invested 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC). Teacher Retirement System Of Texas invested in 9,183 shares or 0% of the stock. Capital Fund Management reported 433,702 shares stake. Cipher Limited Partnership owns 199,668 shares for 0.29% of their portfolio. Mason Street Advsr Ltd Liability owns 53,927 shares for 0.03% of their portfolio. Parametrica Management Ltd accumulated 51,528 shares. Commonwealth Equity Serv reported 15,694 shares or 0% of all its holdings. Tci Wealth Advsr Inc invested in 0% or 93 shares. Nicholas Inv Ptnrs Limited Partnership stated it has 0.19% in Commercial Metals Company (NYSE:CMC). King Luther Mgmt Corporation holds 0.05% or 224,265 shares in its portfolio. Wells Fargo & Mn invested in 146,923 shares or 0% of the stock. Cantab Capital Ptnrs Ltd Liability Partnership, United Kingdom-based fund reported 1,493 shares. Jpmorgan Chase And holds 995,498 shares or 0.01% of its portfolio.

Regis Management Co Llc decreased its stake in Commercial Metals Co (CMC) by 77.12% based on its latest 2016Q4 regulatory filing with the SEC. Regis Management Co Llc sold 285,997 shares as the company’s stock declined 19.19% while stock markets rallied. The institutional investor held 84,834 shares of the steel and iron ore company at the end of 2016Q4, valued at $1.85 million, down from 370,831 at the end of the previous reported quarter. Regis Management Co Llc who had been investing in Commercial Metals Co for a number of months, seems to be less bullish one the $2.13B market cap company. The stock declined 1.50% or $0.28 reaching $18.36 per share. About 605,354 shares traded. Commercial Metals Company (NYSE:CMC) has risen 10.79% since August 11, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Investors wait Commercial Metals Company (NYSE:CMC) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.31 earnings per share, up $0.09 or 40.91 % from last year’s $0.22 same quarter earnings. This translates into $35.96 million profit for CMC giving the stock a 14.81 P/E. This is assuming the current $0.31 EPS is accurate. Commercial Metals Company’s Wall Street analysts see -8.82 % negative EPS growth, taking into account the $0.34 EPS reproted in the previous quarter,

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 12 analysts covering Commercial Metals (NYSE:CMC), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Commercial Metals had 27 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Monday, December 12. The stock has “Buy” rating by Zacks on Wednesday, September 2. Jefferies maintained the stock with “Hold” rating in Monday, June 26 report. Jefferies maintained the stock with “Hold” rating in Thursday, May 25 report. The firm has “Buy” rating given on Monday, August 17 by Credit Agricole. As per Thursday, January 19, the company rating was downgraded by Citigroup. Credit Suisse maintained the shares of CMC in report on Monday, March 28 with “Neutral” rating. The firm earned “Neutral” rating on Monday, August 22 by Citigroup. The stock of Commercial Metals Company (NYSE:CMC) has “Outperform” rating given on Tuesday, March 28 by Credit Suisse. The firm earned “Underperform” rating on Thursday, June 2 by Bank of America.

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