The New Wb & Co Holding in Castle A M & Co
Wb & Co filed with the SEC SC 13D/A form for Castle A M & Co. The form can be accessed here: 000091476016000479. As reported in Wb & Co’s form, the filler as of late owns 30.6% or 9,998,342 shares of the Materials–company.
Castle A M & Co stake is a new one for the and it was filed because of activity on November 2, 2016. We feel this shows Wb & Co’s positive view for the stock.
Reasons Why Wb & Co Bought – Castle A M & Co Stock
Purpose of Transaction
Except as otherwise noted below, the Common Stock of the Issuer is being held by the Reporting Persons for investment purposes only and the Reporting Persons do not have any plans or proposals with respect to such Common Stock as enumerated in paragraphs (a) through (j) of Item 4.
As a condition to the Transaction, effective November 4, 2016 Kenneth H. Traub and Richard N. Burger each resigned from their respective positions as members of the Board of the Directors of the Company (the “Board”) and all committees of the Board on which they served.
Castle A M & Co Institutional Sentiment
Latest Security and Exchange filings show 46 investors own Castle A M & Co. The institutional ownership in Q3 2015 is low, at 56.34% of the outstanding shares. This is increased by 219927 the total institutional shares. 18389062 were the shares owned by these institutional investors. In total 4 funds opened new Castle A M & Co stakes, 10 increased stakes. There were 45 that closed positions and 16 reduced them.
Schneider Capital Management Corp is an institutional investor bullish on Castle A M & Co, owning 92372 shares as of Q3 2015 for 0.04% of its portfolio. Grace & White Inc owns 939646 shares or 0.48% of its portfolio. CA Hawk Ridge Management Llc have 0.22% of their stock portfolio for 131249 shares. Further, Nantahala Capital Management Llc reported stake worth 0.09% of its US stock portfolio. The NJ Raging Capital Management Llc owns 4630795 shares. Castle A M & Co is 1.35% of the manager’s US portfolio.
A. M. Castle & Co. is a specialty metals distribution company. The Company operates through two segments: Metal and Plastics. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services. Its products include alloy, aluminum, nickel, stainless steel, carbon and titanium. Inventories of these products assume various forms, such as plate, sheet, extrusions, round bar, hexagon bar, square and flat bar, tubing and coil. The Company’s Plastics segment includes its subsidiary, Total Plastics, Inc. (TPI). The Plastics segment stocks and distributes a range of plastics in forms that include plate, rod, tube, clear sheet, tape, gaskets and fittings. Processing activities within this segment include cut-to-length, cut-to-shape, bending and forming according to customer specifications. The Company distributes and performs processing on both metals and plastics.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.71, from 0.23 in 2016Q1. The ratio is positive, as 6 funds sold all A. M. Castle & Co shares owned while 10 reduced positions. 8 funds bought stakes while 7 increased positions. They now own 13.31 million shares or 1.05% less from 13.45 million shares in 2016Q1.
Millennium Mngmt Ltd Llc owns 14,044 shares or 0% of their US portfolio. Manufacturers Life Insur Comm The reported 841 shares or 0% of all its holdings. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 5,579 shares. The Pennsylvania-based Federated Investors Pa has invested 0% in A. M. Castle & Co (NYSE:CAS). Nantahala Lc holds 134,764 shares or 0.02% of its portfolio. Blackrock Institutional Trust Na has 476,345 shares for 0% of their US portfolio. Dimensional Fund Advsr L P owns 1.27M shares or 0% of their US portfolio. Blackrock Advisors Limited Liability accumulated 0% or 3,838 shares. Moreover, Art Ltd has 0% invested in A. M. Castle & Co (NYSE:CAS) for 42,204 shares. Css Llc Il holds 0% of its portfolio in A. M. Castle & Co (NYSE:CAS) for 26,268 shares. Blackrock Invest Mgmt Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Balasa Dinverno And Foltz Limited Company has invested 0% of its portfolio in A. M. Castle & Co (NYSE:CAS). Whitebox Limited Liability Com has 122,736 shares for 0.01% of their US portfolio. Blackrock Fund, a California-based fund reported 32,672 shares. Ironwood Investment Management Lc accumulated 0.26% or 211,040 shares.
The stock increased 5.51% or $0.026 on November 4, hitting $0.496. About 310,475 shares traded hands or 103.90% up from the average. A. M. Castle & Co (NYSE:CAS) has declined 83.51% since April 4, 2016 and is downtrending. It has underperformed by 84.60% the S&P500.
A. M. Castle & Co. is a specialty metals distribution company. The company has a market cap of $16.17 million. The Firm operates through two divisions: Metal and Plastics. It currently has negative earnings. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services.
More notable recent A. M. Castle & Co (NYSE:CAS) news were published by: Reuters.com which released: “BRIEF-AM Castle & Co. Announces Series of Strategic Actions as Part of …” on November 04, 2016, also Streetinsider.com with their article: “AM Castle & Co. (CAS) Reports Series of Strategic Actions” published on November 04, 2016, Globenewswire.com published: “A. M. Castle & Co. Announces Date for Third Quarter 2016 Earnings Release …” on November 04, 2016. More interesting news about A. M. Castle & Co (NYSE:CAS) were released by: Globenewswire.com and their article: “A. M. Castle & Co. and Duferco Steel, Inc. Announce Ownership Transfer of …” published on August 08, 2016 as well as Globenewswire.com‘s news article titled: “A.M. Castle & Co. Announces Redemption of $27.5 Million of 12.75% Senior …” with publication date: October 31, 2016.
According to Zacks Investment Research, “A. M. Castle & Co. is one of North America’s largest, independent metals service center companies. They emphasis the more highly engineered grades and alloys of metals and have strong service commitments.”
CAS Company Profile
A. M. Castle & Co., incorporated on April 26, 2001, is a specialty metals distribution company. The Firm operates through two divisions: Metal and Plastics. The Firm distributes and performs processing on both metals and plastics. The Firm provides a range of products and value-added processing and supply chain services to an array of customers. The Company’s metals clients are principally within the producer durable equipment, gas and oil, aerospace, heavy industrial equipment, industrial goods and construction equipment sectors of the global economy, and its plastics clients are primarily in the retail, marine and automotive sectors. The Firm operates out of over 20 metals service centers in locations, including North America, Europe and Asia, and over 20 plastics service centers located in the United States.
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