Today, Schnitzer Steel Industries Inc. (SCHN) Position Held by Heartland Advisors Inc.

Today, Schnitzer Steel Industries Inc. (SCHN) Position Held by Heartland Advisors Inc.

Heartland Advisors Inc. continued to hold its stake in Schnitzer Steel Industries Inc. (NASDAQ:SCHN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the company’s stock at the end of the third quarter. Heartland Advisors Inc. owned approximately 1.54% of Schnitzer Steel Industries worth $8,360,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Schnitzer Steel Industries by 273.4% in the second quarter. Acadian Asset Management LLC now owns 1,062,264 shares of the company’s stock worth $18,698,000 after buying an additional 777,806 shares in the last quarter. State Street Corp boosted its position in shares of Schnitzer Steel Industries by 65.0% in the first quarter. State Street Corp now owns 1,681,401 shares of the company’s stock valued at $31,007,000 after buying an additional 662,412 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Schnitzer Steel Industries by 13.9% in the second quarter. Vanguard Group Inc. now owns 2,372,997 shares of the company’s stock valued at $41,765,000 after buying an additional 289,686 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Schnitzer Steel Industries by 579.6% in the second quarter. Teachers Advisors Inc. now owns 331,650 shares of the company’s stock valued at $5,837,000 after buying an additional 282,851 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Schnitzer Steel Industries by 25.3% in the first quarter. Renaissance Technologies LLC now owns 1,076,696 shares of the company’s stock valued at $19,854,000 after buying an additional 217,696 shares during the last quarter. 93.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Schnitzer Steel Industries Inc. (NASDAQ:SCHN) traded down 0.171% during trading on Friday, hitting $29.749. 97,203 shares of the stock traded hands. The company’s market cap is $775.02 million. Schnitzer Steel Industries Inc. has a 1-year low of $11.70 and a 1-year high of $30.33. The stock has a 50-day moving average of $24.22 and a 200 day moving average of $19.69.

Schnitzer Steel Industries (NASDAQ:SCHN) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. Schnitzer Steel Industries had a negative net margin of 1.43% and a positive return on equity of 3.78%. The business earned $390.60 million during the quarter, compared to the consensus estimate of $380.93 million. During the same quarter last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. On average, equities research analysts predict that Schnitzer Steel Industries Inc. will post $1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 2.52%. Schnitzer Steel Industries’s dividend payout ratio (DPR) is presently -101.35%.

Several brokerages have recently commented on SCHN. Zacks Investment Research cut shares of Schnitzer Steel Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. DA Davidson restated a “hold” rating on shares of Schnitzer Steel Industries in a research report on Tuesday, October 4th.

In related news, CFO Richard Peach sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $24.07, for a total transaction of $96,280.00. Following the completion of the sale, the chief financial officer now owns 120,974 shares in the company, valued at $2,911,844.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael R. Henderson sold 3,100 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $24.01, for a total transaction of $74,431.00. Following the sale, the senior vice president now owns 62,250 shares of the company’s stock, valued at approximately $1,494,622.50. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

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