MetLife Investment Advisors LLC Has $223,000 Holdings in Schnitzer Steel Industries, Inc. (SCHN)

MetLife Investment Advisors LLC lessened its stake in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,351 shares of the basic materials company’s stock after selling 7,250 shares during the period. MetLife Investment Advisors LLC’s holdings in Schnitzer Steel Industries were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc grew its position in shares of Schnitzer Steel Industries by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 2,833,756 shares of the basic materials company’s stock valued at $76,653,000 after buying an additional 64,054 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Schnitzer Steel Industries by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,833,756 shares of the basic materials company’s stock valued at $76,653,000 after buying an additional 64,054 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Schnitzer Steel Industries by 11.5% in the 4th quarter. Acadian Asset Management LLC now owns 715,205 shares of the basic materials company’s stock valued at $15,415,000 after buying an additional 73,875 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Schnitzer Steel Industries by 1.4% in the 3rd quarter. Teachers Advisors LLC now owns 666,449 shares of the basic materials company’s stock valued at $18,027,000 after buying an additional 9,518 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Schnitzer Steel Industries by 98.3% in the 4th quarter. LSV Asset Management now owns 638,113 shares of the basic materials company’s stock valued at $13,751,000 after buying an additional 316,270 shares during the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Shares of Schnitzer Steel Industries stock opened at $25.44 on Friday. Schnitzer Steel Industries, Inc. has a one year low of $20.94 and a one year high of $37.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.29 and a current ratio of 2.45. The stock has a market cap of $684.33 million, a P/E ratio of 4.72 and a beta of 1.29.

Schnitzer Steel Industries (NASDAQ:SCHN) last announced its earnings results on Thursday, April 4th. The basic materials company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Schnitzer Steel Industries had a return on equity of 18.95% and a net margin of 5.35%. The company had revenue of $474.00 million for the quarter, compared to analyst estimates of $487.25 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities research analysts expect that Schnitzer Steel Industries, Inc. will post 2.27 earnings per share for the current fiscal year.

A number of equities research analysts have commented on SCHN shares. Cowen set a $27.00 price target on Schnitzer Steel Industries and gave the company a “hold” rating in a research report on Tuesday, April 9th. BidaskClub upgraded Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded Schnitzer Steel Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Goldman Sachs Group lowered Schnitzer Steel Industries from a “buy” rating to a “neutral” rating and reduced their price target for the company from $33.00 to $27.00 in a research report on Monday, January 14th. Finally, ValuEngine upgraded Schnitzer Steel Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.80.

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About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting.

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

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