DA Davidson reiterated their hold rating on shares of Schnitzer Steel Industries Inc. (NASDAQ:SCHN) in a report published on Tuesday.

Separately, Zacks Investment Research cut Schnitzer Steel Industries from a strong-buy rating to a hold rating in a report on Friday, September 2nd.

Schnitzer Steel Industries (NASDAQ:SCHN) traded up 0.57% on Tuesday, reaching $21.02. The company had a trading volume of 124,140 shares. The firm has a 50 day moving average price of $19.13 and a 200-day moving average price of $18.42. The stock’s market capitalization is $573.01 million. Schnitzer Steel Industries has a 12 month low of $11.70 and a 12 month high of $21.59.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Schnitzer Steel Industries by 13.9% in the second quarter. Vanguard Group Inc. now owns 2,372,997 shares of the company’s stock valued at $41,765,000 after buying an additional 289,686 shares in the last quarter. State Street Corp raised its position in Schnitzer Steel Industries by 30.4% in the second quarter. State Street Corp now owns 2,191,827 shares of the company’s stock valued at $38,579,000 after buying an additional 510,426 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Schnitzer Steel Industries by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,611,156 shares of the company’s stock valued at $28,355,000 after buying an additional 80,603 shares in the last quarter. Anchor Bolt Capital LP raised its position in Schnitzer Steel Industries by 11.3% in the first quarter. Anchor Bolt Capital LP now owns 1,348,851 shares of the company’s stock valued at $24,873,000 after buying an additional 136,967 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Schnitzer Steel Industries by 25.3% in the first quarter. Renaissance Technologies LLC now owns 1,076,696 shares of the company’s stock valued at $19,854,000 after buying an additional 217,696 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc (SSI) is a recycler of ferrous and nonferrous scrap metal. The Company is recycler of used and salvaged vehicles and a manufacturer of finished steel products. The Company operates in three business segments: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

5 Day Chart for NASDAQ:SCHN

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