PDT Partners LLC held its stake in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,700 shares of the basic materials company’s stock at the end of the second quarter. PDT Partners LLC owned about 0.26% of Schnitzer Steel Industries worth $1,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in shares of Schnitzer Steel Industries in the 2nd quarter worth approximately $246,000. Menta Capital LLC acquired a new position in Schnitzer Steel Industries during the 2nd quarter worth $247,000. Voya Investment Management LLC lifted its holdings in Schnitzer Steel Industries by 11.2% during the 2nd quarter. Voya Investment Management LLC now owns 14,205 shares of the basic materials company’s stock worth $358,000 after buying an additional 1,435 shares in the last quarter. SG Americas Securities LLC acquired a new position in Schnitzer Steel Industries during the 2nd quarter worth $383,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Schnitzer Steel Industries by 10.8% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 15,464 shares of the basic materials company’s stock worth $390,000 after buying an additional 1,508 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on SCHN. Macquarie began coverage on Schnitzer Steel Industries in a report on Wednesday, September 6th. They set a “neutral” rating and a $26.00 price objective on the stock. TheStreet raised Schnitzer Steel Industries from a “c+” rating to a “b” rating in a report on Friday, June 30th. Zacks Investment Research raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, July 21st. ValuEngine raised Schnitzer Steel Industries from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BidaskClub downgraded Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.50.

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Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) opened at 26.90 on Thursday. Schnitzer Steel Industries, Inc. has a 12-month low of $17.50 and a 12-month high of $30.60. The firm’s 50-day moving average price is $26.83 and its 200 day moving average price is $22.91. The firm has a market cap of $742.44 million, a P/E ratio of 17.49 and a beta of 1.34.

Schnitzer Steel Industries Profile

Schnitzer Steel Industries, Inc is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: the Auto and Metals Recycling (AMR) business and the Steel Manufacturing Business (SMB). The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

Institutional Ownership by Quarter for Schnitzer Steel Industries (NASDAQ:SCHN)

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