Could Steel Dynamics, Inc. Lose Strenght? Option Traders Don’t Think So

 Could Steel Dynamics, Inc. Lose Strenght? Option Traders Don't Think So

In today’s session Steel Dynamics, Inc. (STLD) registered an unusually high (1,539) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious STLD increase. With 1,539 contracts traded and 21094 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: STLD170217C00025000 closed last at: $2.9 or 5.5% up. About 1.31 million shares traded hands. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 18.82% since March 29, 2016 and is uptrending. It has outperformed by 15.35% the S&P500.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Out of 12 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. $33 is the highest target while $21 is the lowest. The $26.38 average target is -3.69% below today’s ($27.39) stock price. Steel Dynamics Inc. has been the topic of 33 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Nomura on Wednesday, March 9. The firm earned “Buy” rating on Wednesday, October 14 by Berenberg. Citigroup maintained the stock with “Buy” rating in Wednesday, October 21 report. The company was maintained on Tuesday, May 10 by Rosenblatt. The firm earned “Neutral” rating on Monday, March 14 by Rosenblatt. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Monday, December 14 by Nomura. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, June 8. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, March 23. The company was upgraded on Tuesday, September 1 by TheStreet. The firm earned “Buy” rating on Thursday, August 13 by Deutsche Bank.

According to Zacks Investment Research, “Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company’s customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.”

Insitutional Activity: The institutional sentiment decreased to 1.39 in 2016 Q2. Its down 0.08, from 1.47 in 2016Q1. The ratio fall, as 38 funds sold all Steel Dynamics, Inc. shares owned while 104 reduced positions. 70 funds bought stakes while 128 increased positions. They now own 197.44 million shares or 4.76% more from 188.47 million shares in 2016Q1.
Moreover, Bluemountain Mngmt Limited Liability Co has 0.05% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 83,318 shares. Jennison Associate Ltd Limited Liability Company owns 643,408 shares or 0.02% of their US portfolio. Ameritas Invest Inc holds 0.06% or 38,512 shares in its portfolio. Menta Limited Co has invested 0.18% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Moreover, Keybank National Association Oh has 0% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 28,034 shares. Voloridge Invest Mgmt Limited Liability Company owns 152,422 shares or 0.11% of their US portfolio. Gateway Investment Advisers Ltd holds 0.11% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 501,310 shares. Blackrock Institutional Trust Communications Na accumulated 0.03% or 8.27M shares. Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.04% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 7,000 shares. First Manhattan Communications accumulated 0% or 121 shares. Breton Hill Capital last reported 0.24% of its portfolio in the stock. Ubs Oconnor Ltd Liability Com last reported 595,851 shares in the company. Quantitative Systematic Strategies Limited Company holds 0.36% or 32,559 shares in its portfolio. Commonwealth Commercial Bank Of Aus last reported 0.01% of its portfolio in the stock. Moreover, Catawba Capital Management Va has 0.11% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 18,708 shares.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 2 insider sales for $842,010 net activity. KOLB JURGEN DR sold $486,825 worth of stock or 17,900 shares. 13,155 shares were sold by BUSSE KEITH E, worth $355,185.

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has a market cap of $6.67 billion. The Firm is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. It has a 63.46 P/E ratio.

STLD Company Profile

Steel Dynamics, Inc., incorporated on June 16, 1994, is a steel producing and a metal recycling company. The Firm is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. The Company’s divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations. The Firm offers a range of steel products, which include sheet products, such as hot roll, cold roll and coated steel, including light gauge hot roll, galvanized and painted products; long products, such as structural steel beams, pilings, and various merchant-bar products, including rounds, angles, flats, channels and reinforcing bar, and steel fabrication products, including steel joists and steel deck material, including specialty deck. It offers an array of both ferrous and nonferrous scrap processing, scrap management, transportation, and brokerage services and products. The Firm also offers steel finishing and fabrication services.

Another recent and important Steel Dynamics, Inc. (NASDAQ:STLD) news was published by Marketwatch.com which published an article titled: “Steel Dynamics profit surges on market rebound” on October 19, 2016.

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