GSA Capital Partners LLP cut its stake in shares of Commercial Metals Co. (NYSE:CMC) by 72.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,960 shares of the company’s stock after selling 62,800 shares during the period. GSA Capital Partners LLP’s holdings in Commercial Metals were worth $405,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in shares of Commercial Metals by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 66,192 shares of the company’s stock valued at $1,119,000 after buying an additional 942 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Commercial Metals by 0.8% in the first quarter. Prudential Financial Inc. now owns 122,432 shares of the company’s stock valued at $2,078,000 after buying an additional 1,000 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Commercial Metals by 7.0% in the second quarter. First Citizens Bank & Trust Co. now owns 18,515 shares of the company’s stock valued at $313,000 after buying an additional 1,210 shares during the last quarter. BlackRock Inc. increased its stake in shares of Commercial Metals by 3.1% in the first quarter. BlackRock Inc. now owns 58,405 shares of the company’s stock valued at $991,000 after buying an additional 1,776 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Commercial Metals by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 104,626 shares of the company’s stock valued at $1,775,000 after buying an additional 1,864 shares during the last quarter. 93.28% of the stock is owned by institutional investors and hedge funds.

Shares of Commercial Metals Co. (NYSE:CMC) traded up 3.69% on Wednesday, hitting $16.03. The stock had a trading volume of 1,573,391 shares. The stock has a 50 day moving average of $15.86 and a 200 day moving average of $16.74. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.56 and a beta of 1.59. Commercial Metals Co. has a 12-month low of $12.44 and a 12-month high of $18.50.

Several brokerages have recently weighed in on CMC. Jefferies Group reiterated a “buy” rating on shares of Commercial Metals in a report on Saturday, June 4th. Bank of America Corp. downgraded Commercial Metals from a “neutral” rating to an “underperform” rating and set a $17.00 price target on the stock. in a report on Thursday, June 2nd. Zacks Investment Research upgraded Commercial Metals from a “sell” rating to a “hold” rating in a report on Monday. Clarkson Capital downgraded Commercial Metals from a “neutral” rating to a “sell” rating in a report on Monday, June 27th. Finally, Citigroup Inc. began coverage on Commercial Metals in a report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Commercial Metals has an average rating of “Hold” and an average price target of $16.69.

In other news, Director Anthony A. Massaro sold 2,367 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $16.36, for a total transaction of $38,724.12. Following the transaction, the director now directly owns 69,252 shares in the company, valued at approximately $1,132,962.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Commercial Metals Company Profile

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

5 Day Chart for NYSE:CMC

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