Scopus Asset Management LP Has Cut Tronox LTD (TROX) Stake; Schnitzer Steel Industries (SCHN) Has 1.37 Sentiment

July 7, 2017 - By test

Scopus Asset Management Lp decreased Tronox Ltd (TROX) stake by 55.45% reported in 2016Q4 SEC filing. Scopus Asset Management Lp sold 280,000 shares as Tronox Ltd (TROX)’s stock rose 28.57%. The Scopus Asset Management Lp holds 225,000 shares with $2.32 million value, down from 505,000 last quarter. Tronox Ltd now has $1.04B valuation. The stock declined 0.91% or $0.14 reaching $15.41 per share. About 822,477 shares traded. Tronox Ltd (NYSE:TROX) has risen 311.09% since July 7, 2016 and is uptrending. It has outperformed by 294.39% the S&P500.

Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a maker of finished steel products. The company has market cap of $669.66 million. The Firm operates through two divisions: the Auto and Metals Recycling business and the Steel Manufacturing Business (SMB). It has a 15.9 P/E ratio. The AMR segment collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure.

Among 3 analysts covering Tronox (NYSE:TROX), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Tronox had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 5 by Alembic. The rating was downgraded by UBS on Wednesday, April 6 to “Sell”. The company was maintained on Thursday, August 13 by RBC Capital Markets. As per Thursday, August 4, the company rating was maintained by UBS. B. Riley & Co downgraded the shares of TROX in report on Thursday, August 6 to “Neutral” rating. Alembic maintained Tronox Ltd (NYSE:TROX) on Monday, June 26 with “Buy” rating.

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.24, from 1.23 in 2016Q3. It dropped, as 19 investors sold TROX shares while 49 reduced holdings. 26 funds opened positions while 41 raised stakes. 55.57 million shares or 0.04% more from 55.55 million shares in 2016Q3 were reported. Moreover, Legal & General Grp Inc Public Ltd Company has 0% invested in Tronox Ltd (NYSE:TROX) for 15,817 shares. Messner & Smith Theme Value Limited Ca reported 0.04% of its portfolio in Tronox Ltd (NYSE:TROX). Proshare Advsrs Ltd Llc has 0% invested in Tronox Ltd (NYSE:TROX). Rhumbline Advisers invested in 76,934 shares or 0% of the stock. 453,068 are owned by Connor Clark & Lunn Mgmt Ltd. 2,900 are held by Creative Planning. Gotham Asset Mgmt Ltd Llc has invested 0.02% in Tronox Ltd (NYSE:TROX). Northern accumulated 703,820 shares or 0% of the stock. Airain invested in 0.02% or 26,702 shares. Eagle Boston Mngmt holds 0.05% or 42,454 shares. Prelude Capital Mgmt Ltd Limited Liability Company reported 19,360 shares or 0.02% of all its holdings. Blackrock Inc holds 17,100 shares. Morgan Stanley stated it has 0% in Tronox Ltd (NYSE:TROX). Wellington Mgmt Llp owns 82,856 shares. Swiss Savings Bank accumulated 104,800 shares.

Scopus Asset Management Lp increased Sally Beauty Hldgs Inc (NYSE:SBH) stake by 26,275 shares to 676,265 valued at $17.87 million in 2016Q4. It also upped Nexstar Broadcasting Group I (NASDAQ:NXST) stake by 125,387 shares and now owns 1.18 million shares. Ross Stores Inc (NASDAQ:ROST) was raised too.

About 515,895 shares traded. Schnitzer Steel Industries, Inc. (SCHN) has risen 21.74% since July 7, 2016 and is uptrending. It has outperformed by 5.04% the S&P500.

Lesa Sroufe & Co holds 2.66% of its portfolio in Schnitzer Steel Industries, Inc. for 118,544 shares. Rutabaga Capital Management Llc Ma owns 540,927 shares or 2.39% of their US portfolio. Moreover, Vertex One Asset Management Inc. has 1.31% invested in the company for 304,655 shares. The Wisconsin-based Heartland Advisors Inc has invested 0.68% in the stock. Perritt Capital Management Inc, a Illinois-based fund reported 100,000 shares.