Nucor Corp (NUE) Stake Held by Bronson Point Management Llc

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment decreased to 0.79 in Q2 2019. Its down 0.43, from 1.22 in 2019Q1. It dived, as 62 investors sold NUE shares while 227 reduced holdings. 64 funds opened positions while 165 raised stakes. 228.71 million shares or 0.60% more from 227.36 million shares in 2019Q1 were reported. 449,843 are held by Raymond James & Assocs. Parkside Financial Bank & Trust stated it has 0% in Nucor Corporation (NYSE:NUE). The Massachusetts-based Fmr Ltd Co has invested 0.01% in Nucor Corporation (NYSE:NUE). New York-based Capstone Advsr Ltd Liability Corporation has invested 0.01% in Nucor Corporation (NYSE:NUE). Mutual Of America Capital Ltd Liability reported 53,327 shares or 0.04% of all its holdings. Monarch Cap Mgmt Incorporated holds 0.09% of its portfolio in Nucor Corporation (NYSE:NUE) for 4,427 shares. Hgk Asset Mgmt invested in 103,713 shares. Elkhorn Prtnrs Lp holds 0.12% of its portfolio in Nucor Corporation (NYSE:NUE) for 3,700 shares. Benjamin F Edwards owns 3,233 shares. Norris Perne And French Limited Liability Partnership Mi owns 6,376 shares or 0.04% of their US portfolio. Adams Natural Res Fund Incorporated stated it has 0.69% in Nucor Corporation (NYSE:NUE). Grantham Mayo Van Otterloo And Limited Liability Corporation reported 64,400 shares or 0.02% of all its holdings. Hanson Doremus Inv has 0.01% invested in Nucor Corporation (NYSE:NUE). Wilsey Asset Incorporated owns 210,272 shares. Iberiabank owns 3,972 shares for 0.02% of their portfolio.

Bronson Point Management Llc increased its stake in Nucor Corp (NUE) by 150% based on its latest 2019Q2 regulatory filing with the SEC. Bronson Point Management Llc bought 60,000 shares as the company’s stock declined 2.63% . The hedge fund held 100,000 shares of the steel and iron ore company at the end of 2019Q2, valued at $5.51 million, up from 40,000 at the end of the previous reported quarter. Bronson Point Management Llc who had been investing in Nucor Corp for a number of months, seems to be bullish on the $16.25 billion market cap company. The stock decreased 0.17% or $0.09 during the last trading session, reaching $53.6. About 1.90 million shares traded. Nucor Corporation (NYSE:NUE) has declined 19.09% since September 13, 2018 and is downtrending. It has underperformed by 19.09% the S&P500.

Bronson Point Management Llc, which manages about $1.86 billion and $120.89 million US Long portfolio, decreased its stake in Mgm Resorts International (NYSE:MGM) by 290,000 shares to 85,000 shares, valued at $2.43 million in 2019Q2, according to the filing.

More notable recent Nucor Corporation (NYSE:NUE) news were published by: Finance.Yahoo.com which released: “Analyst Endorses ArcelorMittal: What You Need to Know – Yahoo Finance” on September 03, 2019, also Finance.Yahoo.com with their article: “6 Metals and Mining Stocks Gurus Agree On – Yahoo Finance” published on August 27, 2019, Finance.Yahoo.com published: “How Many Nucor Corporation (NYSE:NUE) Shares Have Insiders Sold, In The Last Year? – Yahoo Finance” on June 03, 2019. More interesting news about Nucor Corporation (NYSE:NUE) were released by: Finance.Yahoo.com and their article: “3 Top Infrastructure Stocks to Watch Right Now – Yahoo Finance” published on August 31, 2019 as well as Fool.com‘s news article titled: “Steel Giant Nucor in 5 Charts – The Motley Fool” with publication date: August 25, 2019.

Nucor Corporation (NYSE:NUE) Ratings Coverage

Among 3 analysts covering Nucor (NYSE:NUE), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Nucor has $6600 highest and $5000 lowest target. $56.33’s average target is 5.09% above currents $53.6 stock price. Nucor had 8 analyst reports since March 27, 2019 according to SRatingsIntel. The company was maintained on Monday, June 17 by KeyBanc Capital Markets. The stock of Nucor Corporation (NYSE:NUE) has “Overweight” rating given on Wednesday, May 22 by KeyBanc Capital Markets. The rating was downgraded by Bank of America to “Underperform” on Friday, May 31. The rating was maintained by Goldman Sachs with “Buy” on Tuesday, June 4. As per Tuesday, August 27, the company rating was maintained by KeyBanc Capital Markets.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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