Great West Life Assurance Co. Can Decreases Stock Holdings in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)

Great West Life Assurance Co. Can decreased its holdings in shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the basic materials company’s stock after selling 428 shares during the period. Great West Life Assurance Co. Can’s holdings in Schnitzer Steel Industries were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Baird Financial Group Inc. raised its stake in Schnitzer Steel Industries by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 12,284 shares of the basic materials company’s stock valued at $603,000 after purchasing an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Schnitzer Steel Industries by 5.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,134 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 648 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Schnitzer Steel Industries by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,489 shares of the basic materials company’s stock valued at $564,000 after purchasing an additional 670 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Schnitzer Steel Industries by 3.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 23,954 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 709 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its stake in shares of Schnitzer Steel Industries by 28.3% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 3,597 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

SCHN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Schnitzer Steel Industries from a “hold” rating to a “sell” rating in a research note on Thursday, September 23rd. Northland Securities initiated coverage on Schnitzer Steel Industries in a research report on Monday, July 19th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $42.67.

Shares of Schnitzer Steel Industries stock opened at $50.01 on Thursday. The business has a 50-day moving average of $47.14 and a 200 day moving average of $48.73. Schnitzer Steel Industries, Inc. has a 12 month low of $19.35 and a 12 month high of $59.34. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.97 and a quick ratio of 1.11.

About Schnitzer Steel Industries

Schnitzer Steel Industries, Inc engages in the recycling of ferrous and nonferrous scrap metal and manufacture of finished steel products. It operates through the following segments: Auto and Metals Recycling (AMR) and Cascade Steel and Scrap (CSS). The AMR segment acquires and recycles ferrous and nonferrous scrap metal for sale to foreign and domestic metal producers, processors and brokers and procure salvaged vehicles and sells serviceable used auto parts from these vehicles through a network of self-service auto parts stores.

See Also: Initial Coin Offerings entail a high degree of risk

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

Receive News & Ratings for Schnitzer Steel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schnitzer Steel Industries and related companies with MarketBeat.com's FREE daily email newsletter.