Schnitzer Steel Industries Inc. (NASDAQ:SCHN) – Equities research analysts at DA Davidson issued their FY2018 earnings estimates for Schnitzer Steel Industries in a research report issued to clients and investors on Tuesday. DA Davidson analyst B. Thielman expects that the firm will earn $1.12 per share for the year. DA Davidson has a “Hold” rating on the stock.

Separately, Zacks Investment Research downgraded shares of Schnitzer Steel Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 16th.

Shares of Schnitzer Steel Industries (NASDAQ:SCHN) opened at 21.05 on Wednesday. The company’s market capitalization is $573.82 million. The company has a 50-day moving average price of $19.20 and a 200 day moving average price of $18.44. Schnitzer Steel Industries has a one year low of $11.70 and a one year high of $21.59.

Institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased its position in Schnitzer Steel Industries by 5.0% in the second quarter. BlackRock Advisors LLC now owns 13,100 shares of the company’s stock valued at $231,000 after buying an additional 624 shares during the last quarter. Wedbush Securities Inc. increased its position in Schnitzer Steel Industries by 8.3% in the second quarter. Wedbush Securities Inc. now owns 14,395 shares of the company’s stock valued at $253,000 after buying an additional 1,100 shares during the last quarter. Geode Capital Management LLC increased its position in Schnitzer Steel Industries by 1.1% in the first quarter. Geode Capital Management LLC now owns 177,487 shares of the company’s stock valued at $3,272,000 after buying an additional 1,876 shares during the last quarter. KCG Holdings Inc. increased its position in Schnitzer Steel Industries by 14.6% in the second quarter. KCG Holdings Inc. now owns 15,002 shares of the company’s stock valued at $264,000 after buying an additional 1,909 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Schnitzer Steel Industries by 7.2% in the second quarter. Principal Financial Group Inc. now owns 29,532 shares of the company’s stock valued at $520,000 after buying an additional 1,980 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Schnitzer Steel Industries Company Profile

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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