Cohen & Steers Stake in Steel Dynamics (STLD) Has Trimmed by $510,510; Cubist Systematic Strategies Boosted Zayo Group Hldgs (ZAYO) Stake

January 12, 2018 - By Dolores Ford

Cohen & Steers Inc decreased its stake in Steel Dynamics Inc. (STLD) by 9.7% based on its latest 2017Q3 regulatory filing with the SEC. Cohen & Steers Inc sold 15,015 shares as the company’s stock declined 7.91% while stock markets rallied. The institutional investor held 139,773 shares of the basic industries company at the end of 2017Q3, valued at $4.82M, down from 154,788 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Steel Dynamics Inc. for a number of months, seems to be less bullish one the $11.14 billion market cap company. The stock decreased 0.23% or $0.11 during the last trading session, reaching $47.01. About 1.77 million shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since January 12, 2017 and is uptrending. It has outperformed by 27.69% the S&P500.

Cubist Systematic Strategies Llc increased its stake in Zayo Group Hldgs Inc (ZAYO) by 91.55% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc bought 13,800 shares as the company’s stock rose 1.36% with the market. The institutional investor held 28,873 shares of the public utilities company at the end of 2017Q3, valued at $994,000, up from 15,073 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $9.02B market cap company. The stock decreased 0.15% or $0.06 during the last trading session, reaching $36.47. About 1.23M shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 14.22% since January 12, 2017 and is uptrending. It has underperformed by 2.48% the S&P500.

Analysts await Steel Dynamics, Inc. (NASDAQ:STLD) to report earnings on January, 23. They expect $0.55 EPS, up 27.91% or $0.12 from last year’s $0.43 per share. STLD’s profit will be $130.32M for 21.37 P/E if the $0.55 EPS becomes a reality. After $0.66 actual EPS reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Among 16 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Steel Dynamics Inc. had 67 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 21 by Citigroup. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Equal-Weight” rating given on Tuesday, September 12 by Morgan Stanley. Bank of America maintained it with “Buy” rating and $44 target in Tuesday, September 5 report. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Outperform” rating by Cowen & Co on Friday, October 21. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Nomura on Wednesday, March 9. Jefferies maintained the stock with “Buy” rating in Tuesday, January 9 report. The firm has “Buy” rating by Deutsche Bank given on Monday, December 5. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, November 29. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Friday, September 15 by Citigroup. The firm has “Buy” rating by Jefferies given on Wednesday, July 19.

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.43, from 1.26 in 2017Q2. It fall, as 50 investors sold STLD shares while 146 reduced holdings. 40 funds opened positions while 123 raised stakes. 190.76 million shares or 1.92% less from 194.51 million shares in 2017Q2 were reported. Mckinley Cap Ltd Delaware reported 0.01% stake. Fjarde Ap reported 47,162 shares stake. Public Employees Retirement System Of Ohio stated it has 223,420 shares or 0.04% of all its holdings. Frontier Cap Mngmt Limited Liability Corporation reported 0.06% in Steel Dynamics, Inc. (NASDAQ:STLD). Cwm Limited Liability Corporation has invested 0% in Steel Dynamics, Inc. (NASDAQ:STLD). Natl Bank Of America De, North Carolina-based fund reported 1.96 million shares. 13,500 are owned by Associates. The New York-based Tiaa Cref Management Limited Liability Com has invested 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Van Eck Corp accumulated 2.82M shares. Dixon Hubard Feinour Brown Va invested 0.45% in Steel Dynamics, Inc. (NASDAQ:STLD). Dreman Value L L C stated it has 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Cutter & Brokerage has invested 0.08% in Steel Dynamics, Inc. (NASDAQ:STLD). Northwestern Mutual Wealth Management accumulated 24,725 shares or 0.01% of the stock. Wright Invsts Serv invested 0.54% in Steel Dynamics, Inc. (NASDAQ:STLD). Cohen Steers stated it has 139,773 shares.

Cohen & Steers Inc, which manages about $36.65 billion US Long portfolio, upped its stake in Enbridge Inc. (NYSE:ENB) by 178,796 shares to 1.64M shares, valued at $68.48M in 2017Q3, according to the filing. It also increased its holding in Cia De Saneamento Basico Adr (NYSE:SBS) by 338,844 shares in the quarter, for a total of 582,372 shares, and has risen its stake in Neuberger Berman Real Estate (NRO).

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.14, from 1.34 in 2017Q2. It worsened, as 39 investors sold ZAYO shares while 77 reduced holdings. 41 funds opened positions while 98 raised stakes. 202.87 million shares or 6.79% more from 189.97 million shares in 2017Q2 were reported. Morgan Stanley has invested 0.01% in Zayo Group Holdings, Inc. (NYSE:ZAYO). 402,146 are owned by Fil Ltd. Legal General Grp Public Limited Co stated it has 0.01% in Zayo Group Holdings, Inc. (NYSE:ZAYO). Grs Advsr Ltd has 208,256 shares. Carmignac Gestion holds 5.20M shares. Gideon Advsr Incorporated reported 7,323 shares. Parametric Limited Liability Com accumulated 0.01% or 313,404 shares. 95,735 were accumulated by Ionic Management Limited Liability. Meeder Asset Mngmt has invested 0% in Zayo Group Holdings, Inc. (NYSE:ZAYO). 204 are held by Clearbridge Invests Ltd Liability. Tower Rech Lc (Trc) holds 0% or 1,100 shares in its portfolio. Strs Ohio invested in 0% or 2,659 shares. Tekne Capital Mgmt Lc reported 896,758 shares. Raymond James & Associate holds 21,568 shares. 9,082 were accumulated by Quantitative Systematic Strategies Ltd Liability.

Cubist Systematic Strategies Llc, which manages about $1.79B US Long portfolio, decreased its stake in Prestige Brands Hldgs Inc (NYSE:PBH) by 15,154 shares to 6,284 shares, valued at $315,000 in 2017Q3, according to the filing. It also reduced its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 4,840 shares in the quarter, leaving it with 3,137 shares, and cut its stake in Ensco Plc (NYSE:ESV).

Among 21 analysts covering Zayo Group Holdings (NYSE:ZAYO), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Zayo Group Holdings had 41 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Buy” rating given on Wednesday, April 20 by BTIG Research. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, December 14. The rating was initiated by Suntrust Robinson on Tuesday, December 13 with “Buy”. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Outperform” rating given on Thursday, December 1 by RBC Capital Markets. The rating was initiated by Deutsche Bank on Monday, August 28 with “Hold”. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 19. JP Morgan maintained the stock with “Overweight” rating in Monday, September 21 report. Moffett Nathanson downgraded Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, December 2 to “Neutral” rating. The firm earned “Buy” rating on Tuesday, November 24 by Suntrust Robinson. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets.

Since July 31, 2017, it had 0 buys, and 18 selling transactions for $198.19 million activity. Connor Richard W. also sold $40,105 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, December 29. $324,359 worth of stock was sold by Waters John F Jr. on Tuesday, October 3. Shares for $24,078 were sold by Richardson Nina. 812 shares were sold by Steinfort Matt, worth $28,379. On Tuesday, October 3 Crouch Andrew sold $777,582 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) or 22,803 shares. desGarennes Kenneth had sold 38,885 shares worth $1.33 million.

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