Rockcliff Metal (RCL) Shares Bought by Swiss National Bank
Swiss National Bank boosted its position in Rockcliff Metal (NYSE:RCL) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 633,638 shares of the company’s stock after acquiring an additional 5,700 shares during the quarter. Swiss National Bank owned 294,564.64% of Rockcliff Metal worth $75,111,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. TLP Group LLC bought a new position in Rockcliff Metal in the second quarter valued at $105,000. Acrospire Investment Management LLC increased its stake in Rockcliff Metal by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after acquiring an additional 200 shares during the last quarter. NEXT Financial Group Inc increased its stake in Rockcliff Metal by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock valued at $119,000 after acquiring an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Rockcliff Metal in the first quarter valued at $119,000. Finally, Pinebridge Investments L.P. bought a new position in Rockcliff Metal in the second quarter valued at $121,000.
A number of research firms recently commented on RCL. Nomura increased their target price on Rockcliff Metal from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Buckingham Research increased their target price on Rockcliff Metal to $149.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Wedbush increased their target price on Rockcliff Metal from $125.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $137.00 target price on shares of Rockcliff Metal in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) raised Rockcliff Metal from a “sell” rating to a “neutral” rating and increased their target price for the company from $99.00 to $115.00 in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Rockcliff Metal currently has an average rating of “Buy” and an average target price of C$126.33.
Shares of Rockcliff Metal (NYSE RCL) opened at C$124.22 on Friday. Rockcliff Metal has a 1-year low of C$78.77 and a 1-year high of C$133.75.
Rockcliff Metal (NYSE:RCL) last issued its quarterly earnings data on Tuesday, November 7th. The company reported C$3.49 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of C$2.57 billion. During the same period last year, the business posted $3.20 earnings per share. Rockcliff Metal’s quarterly revenue was up .2% compared to the same quarter last year.
In related news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of C$125.70, for a total transaction of C$2,514,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$119.61, for a total transaction of C$906,643.80. Following the sale, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately C$2,809,997.73. The disclosure for this sale can be found here. Insiders have sold 67,580 shares of company stock valued at $8,225,444 over the last quarter.
Rockcliff Metal Company Profile
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