Trending Stock News

Steel Dynamics (STLD) Holding Upped by Steadfast Capital Management Lp; Rr Advisors Boosted Its Stake in Mid Con Energy Partners LP (MCEP) by $933,000

Steel Dynamics, Inc. (NASDAQ:STLD) Logo

Rr Advisors Llc increased its stake in Mid Con Energy Partners Lp (MCEP) by 65.47% based on its latest 2017Q4 regulatory filing with the SEC. Rr Advisors Llc bought 933,000 shares as the company’s stock rose 36.00% while stock markets declined. The institutional investor held 2.36 million shares of the energy company at the end of 2017Q4, valued at $2.78M, up from 1.43 million at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Mid Con Energy Partners Lp for a number of months, seems to be bullish on the $68.69 million market cap company. The stock decreased 0.88% or $0.02 during the last trading session, reaching $2.24. About 283,001 shares traded or 77.29% up from the average. Mid-Con Energy Partners, LP (NASDAQ:MCEP) has declined 36.53% since May 18, 2017 and is downtrending. It has underperformed by 48.08% the S&P500.

Robert Pitts increased its stake in Steel Dynamics Inc (STLD) by 52.01% based on its latest 2017Q4 regulatory filing with the SEC. Steadfast Capital Management Lp bought 1.56M shares as the company’s stock declined 0.53% with the market. The hedge fund run by Robert Pitts held 4.57 million shares of the basic industries company at the end of 2017Q4, valued at $197.04M, up from 3.01 million at the end of the previous reported quarter. Steadfast Capital Management Lp who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $12.12 billion market cap company. The stock increased 0.86% or $0.44 during the last trading session, reaching $51.38. About 2.08M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 27.57% since May 18, 2017 and is uptrending. It has outperformed by 16.02% the S&P500.

Investors sentiment increased to 0.97 in Q4 2017. Its up 0.14, from 0.83 in 2017Q3. It is positive, as 32 investors sold STLD shares while 158 reduced holdings. 71 funds opened positions while 113 raised stakes. 188.84 million shares or 1.01% less from 190.76 million shares in 2017Q3 were reported. Diversified accumulated 0.05% or 19,829 shares. Citadel Advsr Limited Liability invested in 0.09% or 3.38 million shares. 4.57 million are owned by Steadfast Cap Mngmt Limited Partnership. Metropolitan Life Insur stated it has 68,966 shares or 0.04% of all its holdings. Cohen & Steers Inc holds 0.01% or 73,176 shares in its portfolio. Frontier Cap Mgmt Com Limited Com reported 0.07% stake. Apg Asset Mgmt Nv holds 0.02% or 286,600 shares in its portfolio. Moreover, Pnc Financial Svcs Group Inc has 0% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 53,635 shares. Quantbot Techs Ltd Partnership reported 0.04% in Steel Dynamics, Inc. (NASDAQ:STLD). Point72 Asset Management LP reported 1.42M shares. Hudson Bay Capital Limited Partnership holds 0.04% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 43,270 shares. Capital Impact Advisors Ltd Liability Corporation invested in 90,034 shares. Bluefin Trading Lc reported 7,600 shares. Mason Street Advsrs Ltd Llc holds 0.12% or 116,738 shares. The Alabama-based Regions has invested 0% in Steel Dynamics, Inc. (NASDAQ:STLD).

Among 18 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Steel Dynamics Inc. had 78 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Tuesday, April 24. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, September 12 report. As per Monday, January 8, the company rating was maintained by Bank of America. Macquarie Research downgraded Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, November 29 to “Neutral” rating. BB&T Capital initiated Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, November 24 with “Buy” rating. The stock has “Buy” rating by Longbow on Wednesday, December 20. The firm has “Buy” rating given on Thursday, March 29 by Deutsche Bank. As per Friday, September 22, the company rating was maintained by Cowen & Co. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, May 24 report. The firm earned “Overweight” rating on Tuesday, January 12 by Barclays Capital.

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods” on May 15, 2018. Also Streetinsider.com published the news titled: “Steel Dynamics (STLD) to Acquire CSN Heartland Flat Roll Operations for $400M” on May 14, 2018. Seekingalpha.com‘s news article titled: “Steel Dynamics reports strong Q1 results” with publication date: April 19, 2018 was also an interesting one.

Steadfast Capital Management Lp, which manages about $8.17 billion and $6.39B US Long portfolio, decreased its stake in Uniti Group Inc (Call) by 344,125 shares to 775,000 shares, valued at $13.79M in 2017Q4, according to the filing. It also reduced its holding in Parsley Energy Inc (NYSE:PE) by 1.16M shares in the quarter, leaving it with 4.20 million shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Rr Advisors Llc, which manages about $1.13 billion and $719.87M US Long portfolio, decreased its stake in Tallgrass Energy Partners Lp (NYSE:TEP) by 47,000 shares to 1.03 million shares, valued at $47.01M in 2017Q4, according to the filing. It also reduced its holding in Energy Transfer Equity Lp (NYSE:ETE) by 468,000 shares in the quarter, leaving it with 2.28 million shares, and cut its stake in Plains Gp Holdings Lp.

More news for Mid-Con Energy Partners, LP (NASDAQ:MCEP) were recently published by: Seekingalpha.com, which released: “Mid-Con Energy Partners’ (MCEP) CEO Jeff Olmstead on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018. Seekingalpha.com‘s article titled: “Mid-Con Energy Partners: Bought More On The Dip” and published on May 09, 2018 is yet another important article.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.29, from 0.6 in 2017Q3. It improved, as 2 investors sold MCEP shares while 7 reduced holdings. 5 funds opened positions while 3 raised stakes. 3.10 million shares or 17.71% more from 2.63 million shares in 2017Q3 were reported. Deutsche National Bank Ag holds 0% in Mid-Con Energy Partners, LP (NASDAQ:MCEP) or 29 shares. 200 are owned by Fifth Third Bank. Moreover, Chickasaw Cap Mngmt Ltd has 0% invested in Mid-Con Energy Partners, LP (NASDAQ:MCEP). Barclays Plc stated it has 47 shares or 0% of all its holdings. Susquehanna Group Ltd Liability Partnership accumulated 184,562 shares. Royal Commercial Bank Of Canada holds 0% of its portfolio in Mid-Con Energy Partners, LP (NASDAQ:MCEP) for 3,600 shares. Capital Advsrs Ok reported 13,269 shares. 2,000 were reported by Regions. Morgan Stanley reported 0% stake. Natl Bank Of America De reported 3,949 shares. The New York-based Oppenheimer & has invested 0.01% in Mid-Con Energy Partners, LP (NASDAQ:MCEP). Moreover, Rr Ltd Liability Co has 0.39% invested in Mid-Con Energy Partners, LP (NASDAQ:MCEP) for 2.36M shares. Jane Street Grp Inc Limited Co reported 63,254 shares. Wells Fargo Mn reported 0% of its portfolio in Mid-Con Energy Partners, LP (NASDAQ:MCEP). Jpmorgan Chase owns 0% invested in Mid-Con Energy Partners, LP (NASDAQ:MCEP) for 10,444 shares.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *