As Commercial Metals Co (CMC) Shares Declined, Shareholder Hodges Capital Management INC Increased by $16.15 Million Its Stake

June 26, 2018 - By Maria Fierro

Commercial Metals Company (NYSE:CMC) Corporate LogoBig Money Sentiment decreased to 1.34 in 2018 Q1. It has change of 0.10, from 2017Q4’s 1.44. The ratio fall due to CMC positioning: 21 sold and 65 reduced. 42 funds took stakes and 73 increased stakes. Investors holded 99.73 million in 2017Q4 but now own 102.89 million shares or 3.17% more. Acadian Asset Management Lc accumulated 291 shs. Highbridge Cap Ltd, a New York-based fund reported 18,120 shs. Peak6 Invests LP reported 0% in Commercial Metals Company (NYSE:CMC). Millennium Management Lc invested in 0.05% or 1.75M shs. Stone Ridge Asset Limited Liability Corporation has invested 0.03% in Commercial Metals Company (NYSE:CMC). Nuveen Asset Limited Liability Company stated it has 0.13% of its capital in Commercial Metals Company (NYSE:CMC). Voloridge Investment Management Limited Liability invested in 0.03% or 71,145 shs. First Manhattan Co holds 624,407 shs. Prudential Fincl Inc, New Jersey-based fund reported 1.53 million shs. Gemmer Asset Mgmt Ltd Limited Liability Company has invested 0% in Commercial Metals Company (NYSE:CMC). Great West Life Assurance Can owns 74,672 shs for 0% of their capital. Jefferies Grp Incorporated Ltd Liability Corporation holds 0% of its capital in Commercial Metals Company (NYSE:CMC) for 23,019 shs. Teachers Retirement Sys Of The State Of Kentucky holds 25,004 shs or 0.01% of its capital. Hrt Fincl owns 14,600 shs. Signalpoint Asset Management Llc invested 0.29% in Commercial Metals Company (NYSE:CMC).

CMC registered $1.54 million net activity with 0 insider purchases and 3 selling transactions since January 16, 2018. Shares for $510,000 were sold by HICKEY ADAM R.

In Commercial Metals Co (CMC) was upped the holdings owned by Hodges Capital Management Inc. The decrease is 76.8% according to 2018Q1 Securities and Exchange filling. 807,263 shares were bought by Hodges Capital Management Inc as the company’s stock declined 9.61% with the market. At the end of 2018Q1, the 1.86M shares of the steel and iron ore company held by the institutional investor were valued at $38.02M, up from 1.05 million at the end of the previous reported quarter. $2.58B is the market cap of Commercial Metals Co. CMC touched $22.04 during the last trading session after $0.04 change.Commercial Metals Company has volume of 505,742 shares. Since June 26, 2017 CMC has risen 26.05% and is uptrending. CMC outperformed the S&P 500 by 13.48%.

Hodges Capital Management Inc manages about $2.29 billion and $1.27B US Long portfolio. According to a filing the fund decreased its stake in Cooper Tire & Rubber Co (NYSE:CTB) by 335,375 shares to 277,456 shares, valued at $8.13 million in 2018Q1. Hodges Capital Management Inc has cut its stake in Eagle Materials Inc (NYSE:EXP) and also reduced its holding in Cyrusone Inc (NASDAQ:CONE) by 136,035 shares in the quarter, for a total of 89,310 shares.

There’s a significant Commercial Metals Company (NYSE:CMC) news published by Streetinsider.com. It’s a report titled: “BofA/Merrill Lynch Downgrades Commercial Metals Company (CMC) to Underperform” on June 19, 2018.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

In total 9 analysts cover Commercial Metals Company (NYSE:CMC). “Buy” rating has 5, “Sell” are 2, while 2 are “Hold”. (NYSE:CMC) has 56% bullish analysts. With $30.0 highest and $24 lowest price target, Commercial Metals Company has $25 average price target or 13.43% above the current ($22.04) price. 12 are the (NYSE:CMC)’s ratings reports on 26 Jun 2018 according to StockzIntelligence Inc. On Thursday, March 22 Jefferies maintained the shares of CMC in report with “Buy” rating. On Tuesday, June 19 the firm has “Underperform” rating given by Bank of America. The stock rating was upgraded by JP Morgan to “Overweight” on Friday, March 9. In Tuesday, June 12 report Citigroup maintained the stock with “Neutral” rating. On Thursday, May 17 the firm has “Neutral” rating given by Macquarie Research. On Tuesday, April 3 the rating was downgraded by Citigroup to “Neutral”. On Friday, March 9 J.P. Morgan upgraded the shares of CMC in report to “Buy” rating. On Wednesday, March 14 the firm has “Hold” rating by Bank of America given. On Tuesday, January 9 the rating was maintained by Jefferies with “Buy”. On Thursday, March 29 the firm has “Buy” rating by Deutsche Bank given.

Commercial Metals Company (NYSE:CMC) Institutional Investors Chart

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