Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys 26,244 Shares of Rockcliff Metal (RCL)
Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Rockcliff Metal (NYSE:RCL) by 41.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,876 shares of the company’s stock after buying an additional 26,244 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Rockcliff Metal were worth $10,539,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of RCL. American Century Companies Inc. lifted its stake in Rockcliff Metal by 158.3% in the 3rd quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock valued at $162,776,000 after buying an additional 841,498 shares in the last quarter. Vanguard Group Inc. lifted its stake in Rockcliff Metal by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock valued at $1,876,413,000 after buying an additional 673,608 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Rockcliff Metal by 1,754.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after purchasing an additional 647,483 shares during the period. Capital Growth Management LP purchased a new position in shares of Rockcliff Metal during the 2nd quarter worth $61,933,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Rockcliff Metal during the 2nd quarter worth $55,926,000.
In other Rockcliff Metal news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$119.61, for a total value of C$906,643.80. Following the transaction, the executive vice president now owns 23,493 shares of the company’s stock, valued at C$2,809,997.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$118.95, for a total transaction of C$2,379,000.00. Following the completion of the transaction, the chief executive officer now directly owns 947,741 shares in the company, valued at approximately C$112,733,791.95. The disclosure for this sale can be found here. Insiders have sold 67,580 shares of company stock worth $8,225,444 in the last ninety days.
Shares of Rockcliff Metal (RCL) traded down C$2.45 during mid-day trading on Friday, hitting C$124.22. 2,430,000 shares of the stock traded hands, compared to its average volume of 1,710,000. Rockcliff Metal has a twelve month low of C$78.77 and a twelve month high of C$133.75.
Rockcliff Metal (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported C$3.49 EPS for the quarter, topping the consensus estimate of C$3.43 by C$0.06. Rockcliff Metal had a net margin of 16.83% and a return on equity of 15.64%. The business had revenue of C$2.57 billion for the quarter, compared to analysts’ expectations of C$2.57 billion. During the same quarter last year, the company posted $3.20 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year.
A number of research analysts have weighed in on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $137.00 price target on shares of Rockcliff Metal in a research note on Friday. Deutsche Bank AG increased their price target on Rockcliff Metal from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday. Buckingham Research increased their price target on Rockcliff Metal from $149.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on Rockcliff Metal from $134.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Rockcliff Metal in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$126.33.
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About Rockcliff Metal
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