Traders See Bullish Options Activity Steel Dynamics, Inc.

 Traders See Bullish Options Activity Steel Dynamics, Inc.

In today’s session Steel Dynamics, Inc. (STLD) registered an unusually high (240) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious STLD increase. With 240 contracts traded and 11374 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: STLD161216C00032000 closed last at: $2 or 5.3% up. About 1.02M shares traded hands. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 38.68% since April 20, 2016 and is uptrending. It has outperformed by 34.13% the S&P500.

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

Out of 12 analysts covering Steel Dynamics Inc. (NASDAQ:STLD), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Steel Dynamics Inc. has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Sector Weight” rating given on Friday, August 19 by KeyBanc Capital Markets. The stock has “Buy” rating given by Nomura on Wednesday, March 9. As per Thursday, September 17, the company rating was maintained by Jefferies. Cowen & Co maintained it with “Outperform” rating and $26 target price in Wednesday, October 21 report. The stock has “Buy” rating given by BB&T Capital on Tuesday, November 24. Nomura upgraded the stock to “Buy” rating in Monday, December 14 report. The firm earned “Outperform” rating on Friday, October 21 by Cowen & Co. Citigroup initiated it with “Buy” rating and $33 target price in Monday, August 22 report. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Wednesday, January 6 by Rosenblatt. The firm has “Buy” rating given on Tuesday, March 8 by Berenberg.

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 0.91 in Q2 2016. Its down 0.48, from 1.39 in 2016Q1. The ratio dropped, 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.
Thrivent For Lutherans holds 0.4% or 3.45M shares in its portfolio. Carlson Capital L P last reported 571,400 shares in the company. Mesirow Financial Investment Management accumulated 0.1% or 68,840 shares. Ajo L P accumulated 1.08 million shares or 0.12% of the stock. Kcg holds 0.09% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 182,868 shares. Barclays Pcl has 28,505 shares for 0% of their US portfolio. Seven Eight Cap Limited Liability Company has 0.38% invested in the company for 44,565 shares. First Republic Investment holds 0% or 8,670 shares in its portfolio. Northern Corp last reported 1.89M shares in the company. Secor Capital Advisors Limited Partnership last reported 317,212 shares in the company. Qs Ltd Llc holds 542,556 shares or 0.11% of its portfolio. Pinnacle Assoc Ltd owns 84,400 shares or 0.04% of their US portfolio. Oregon Pub Employees Retirement Fund accumulated 111,822 shares or 0.06% of the stock. Gradient Invs Ltd Company accumulated 550 shares or 0% of the stock. Teachers Advisors accumulated 0.05% or 1.09M shares.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 3 insider sales for $896,670 net activity. BUSSE KEITH E had sold 13,155 shares worth $355,185 on Friday, July 29. The insider KOLB JURGEN DR sold $486,825.

Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has a market cap of $8.53 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 79.24 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 Streetinsider.com which published an article titled: “Form 4 STEEL DYNAMICS INC For: Nov 21 Filed by: SCHNEIDER BARRY” on November 22, 2016.

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