Salient Capital Advisors Trimmed By $5.88 Million Its Summit Midstream Partners LP (SMLP) Position, Ryerson Holding (RYI) Shorts Raised By 5.65%

July 17, 2017 - By Hazel Jackson

Ryerson Holding Corporation (NYSE:RYI) had an increase of 5.65% in short interest. RYI’s SI was 1.41M shares in July as released by FINRA. Its up 5.65% from 1.34M shares previously. With 398,300 avg volume, 4 days are for Ryerson Holding Corporation (NYSE:RYI)’s short sellers to cover RYI’s short positions. The SI to Ryerson Holding Corporation’s float is 8.97%. About 172,104 shares traded. Ryerson Holding Corp (NYSE:RYI) has declined 22.89% since July 17, 2016 and is downtrending. It has underperformed by 39.59% the S&P500.

Salient Capital Advisors Llc decreased Summit Midstream Partners Lp (SMLP) stake by 55.37% reported in 2016Q4 SEC filing. Salient Capital Advisors Llc sold 235,378 shares as Summit Midstream Partners Lp (SMLP)’s stock rose 3.02%. The Salient Capital Advisors Llc holds 189,697 shares with $4.77 million value, down from 425,075 last quarter. Summit Midstream Partners Lp now has $1.76B valuation. The stock rose 0.62% or $0.15 reaching $24.2. About 23,417 shares traded. Summit Midstream Partners LP (NYSE:SMLP) has risen 6.71% since July 17, 2016 and is uptrending. It has underperformed by 9.99% the S&P500.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 1.96, from 2.85 in 2016Q3. It is negative, as 18 investors sold Ryerson Holding Corp shares while 38 reduced holdings. 18 funds opened positions while 32 raised stakes. 14.40 million shares or 0.79% more from 14.29 million shares in 2016Q3 were reported. American Century accumulated 47,133 shares. Capital Fund Management Sa invested in 0% or 14,093 shares. Prudential Finance owns 131,210 shares. Moreover, Ameriprise Fincl Inc has 0% invested in Ryerson Holding Corp (NYSE:RYI) for 30,308 shares. Connor Clark And Lunn Mngmt Limited reported 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Alliancebernstein Lp has invested 0% in Ryerson Holding Corp (NYSE:RYI). Blackrock Grp Inc Ltd accumulated 0% or 35,942 shares. Paradigm Asset Management Company Ltd Liability Corporation invested in 19,800 shares or 0% of the stock. Globeflex Lp reported 0.51% in Ryerson Holding Corp (NYSE:RYI). Van Eck Associate Corporation holds 66,669 shares. Chicago Equity Ltd Company holds 0.04% or 118,800 shares in its portfolio. Nordea Ab stated it has 0% in Ryerson Holding Corp (NYSE:RYI). Art Ltd Liability invested in 24,883 shares or 0.02% of the stock. Group Inc One Trading Limited Partnership reported 0% of its portfolio in Ryerson Holding Corp (NYSE:RYI). Bridgeway Capital Mngmt Inc holds 469,200 shares.

Ryerson Holding Corporation is a service center firm for carbon and stainless steel, as well as aluminum. The company has market cap of $338.29 million. The Firm operates through metal service centers segment. It has a 16.13 P/E ratio. In addition to providing a range of flat and long metals products, it offers various value-added processing and fabrication services, such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius and beveling to process materials to a specified thickness, length, width, shape and surface quality pursuant to specific customer orders.

Among 6 analysts covering Ryerson Holding (NYSE:RYI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Ryerson Holding had 18 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, September 15. On Thursday, August 11 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Hold” rating by Jefferies given on Monday, August 24. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Hold” rating by BMO Capital Markets on Friday, April 21. Deutsche Bank maintained Ryerson Holding Corp (NYSE:RYI) rating on Monday, December 5. Deutsche Bank has “Buy” rating and $18 target. The firm earned “Neutral” rating on Friday, March 11 by JP Morgan. The stock of Ryerson Holding Corp (NYSE:RYI) earned “Neutral” rating by JP Morgan on Thursday, August 11. The firm has “Hold” rating by Deutsche Bank given on Monday, October 5. As per Tuesday, April 19, the company rating was maintained by JP Morgan. The stock has “Outperform” rating by BMO Capital Markets on Friday, August 14.

Since March 24, 2017, it had 16 buys, and 0 selling transactions for $456,155 activity. $2,626 worth of Ryerson Holding Corp (NYSE:RYI) was bought by Schnaufer Erich S on Friday, May 12. Lehner Edward J. bought $46,250 worth of stock. 3,000 shares valued at $30,930 were bought by silver mark s. on Friday, May 5. The insider Burbach Michael bought 2,800 shares worth $28,812. Richardson Kevin D bought 5,000 shares worth $52,750. $107,600 worth of Ryerson Holding Corp (NYSE:RYI) shares were bought by Larson Stephen P..

Investors sentiment decreased to 1.08 in Q4 2016. Its down 1.12, from 2.2 in 2016Q3. It dropped, as 8 investors sold SMLP shares while 18 reduced holdings. 8 funds opened positions while 20 raised stakes. 31.87 million shares or 5.17% more from 30.31 million shares in 2016Q3 were reported. Kcg Holdings Incorporated holds 25,658 shares or 0.02% of its portfolio. Illinois-based Guggenheim Lc has invested 0% in Summit Midstream Partners LP (NYSE:SMLP). Entrustpermal Mgmt has 1.29% invested in Summit Midstream Partners LP (NYSE:SMLP) for 84,600 shares. California-based Polaris Greystone Financial Gru Lc has invested 0.1% in Summit Midstream Partners LP (NYSE:SMLP). Hmi Cap Limited Liability holds 4.48M shares. Manufacturers Life Insurance Communication The holds 0% or 1,949 shares in its portfolio. Atlantic Trust Gru Lc accumulated 1.26M shares. Salient Capital Advsr Ltd Llc has 189,697 shares. Goodwin Daniel L has 15,383 shares for 0.16% of their portfolio. Moreover, Evergreen Capital Ltd has 1.6% invested in Summit Midstream Partners LP (NYSE:SMLP) for 329,080 shares. Walleye Trading Limited Liability holds 0% in Summit Midstream Partners LP (NYSE:SMLP) or 229 shares. Royal State Bank Of Canada invested 0% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Raymond James Finance Svcs Advsr owns 10,340 shares for 0% of their portfolio. State Of New Jersey Common Pension Fund D holds 69,100 shares or 0.01% of its portfolio. Van Eck Assoc Corp reported 66,935 shares.

Salient Capital Advisors Llc increased Nrg Yield Inc stake by 306,437 shares to 2.01M valued at $31.78 million in 2016Q4. It also upped Accenture Plc Ireland (NYSE:ACN) stake by 3,417 shares and now owns 37,070 shares. Att Inc (NYSE:T) was raised too.

Among 7 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Summit Midstream Partners had 19 analyst reports since August 7, 2015 according to SRatingsIntel. Goldman Sachs downgraded Summit Midstream Partners LP (NYSE:SMLP) on Friday, March 11 to “Neutral” rating. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, May 12 report. The firm has “Outperform” rating given on Tuesday, September 6 by RBC Capital Markets. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Outperform” rating by Wells Fargo on Wednesday, January 11. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets. The rating was upgraded by Robert W. Baird on Friday, August 12 to “Outperform”. The firm has “Neutral” rating given on Tuesday, May 24 by Credit Suisse. The firm has “Neutral” rating given on Monday, August 17 by Robert W. Baird. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Neutral” rating by Credit Suisse on Friday, January 27. Citigroup downgraded Summit Midstream Partners LP (NYSE:SMLP) rating on Thursday, March 10. Citigroup has “Neutral” rating and $16.50 target.

Analysts await Summit Midstream Partners LP (NYSE:SMLP) to report earnings on August, 3. They expect $-0.09 earnings per share, down 250.00% or $0.15 from last year’s $0.06 per share. After $0.16 actual earnings per share reported by Summit Midstream Partners LP for the previous quarter, Wall Street now forecasts -156.25% negative EPS growth.

Since February 3, 2017, it had 0 insider purchases, and 3 sales for $191.31 million activity. The insider SUMMIT MIDSTREAM PARTNERS – LLC sold 4.00M shares worth $94.64 million. On Friday, March 17 Newby Steven J sold $673,592 worth of Summit Midstream Partners LP (NYSE:SMLP) or 29,000 shares. The insider ENERGY CAPITAL PARTNERS II – LLC sold 4.00M shares worth $96.00M.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: