Reliance Steel & Aluminum Co (RS) Stock Value Rose While Guggenheim Capital LLC Decreased Its Stake

Reliance Steel & Aluminum Co. (NYSE:RS) LogoInvestors sentiment increased to 1.15 in Q2 2019. Its up 0.28, from 0.87 in 2019Q1. It increased, as 20 investors sold RS shares while 109 reduced holdings. 46 funds opened positions while 102 raised stakes. 54.49 million shares or 1.95% more from 53.45 million shares in 2019Q1 were reported. Riverhead Cap Management Limited Com holds 0.05% or 15,218 shares. Benjamin F Edwards And reported 0.01% stake. Profit Inv Mngmt invested in 53,690 shares or 3.74% of the stock. Gemmer Asset Ltd Liability holds 0% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS) for 98 shares. Alpha Windward Limited Company has invested 0.36% in Reliance Steel & Aluminum Co. (NYSE:RS). Tdam Usa Inc reported 12,575 shares. Alliancebernstein LP owns 113,818 shares for 0.01% of their portfolio. Ameritas Investment Prtn Incorporated accumulated 33,328 shares. Regions Financial reported 0% stake. Asset Inc stated it has 0.06% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Pub Employees Retirement Association Of Colorado owns 8,749 shares for 0.01% of their portfolio. Two Sigma Secs Lc has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS). 109,505 were accumulated by Manufacturers Life Ins The. The New York-based Gotham Asset Mngmt Ltd Company has invested 0.09% in Reliance Steel & Aluminum Co. (NYSE:RS). Csat Invest Advisory Limited Partnership has 147 shares.

Guggenheim Capital Llc decreased its stake in Reliance Steel & Aluminum Co (RS) by 19.89% based on its latest 2019Q2 regulatory filing with the SEC. Guggenheim Capital Llc sold 36,563 shares as the company’s stock rose 11.04% . The institutional investor held 147,254 shares of the metal fabrications company at the end of 2019Q2, valued at $13.93M, down from 183,817 at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Reliance Steel & Aluminum Co for a number of months, seems to be less bullish one the $6.92B market cap company. The stock increased 0.11% or $0.11 during the last trading session, reaching $103.85. About 178,102 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 10.03% since September 13, 2018 and is uptrending. It has outperformed by 10.03% the S&P500.

Guggenheim Capital Llc, which manages about $25.60 billion and $12.29 billion US Long portfolio, upped its stake in Blackstone Mtg Tr Inc (NYSE:BXMT) by 94,137 shares to 101,998 shares, valued at $3.63M in 2019Q2, according to the filing. It also increased its holding in Cubesmart (NYSE:CUBE) by 159,537 shares in the quarter, for a total of 177,544 shares, and has risen its stake in Newmont Goldcorp Corporation (NYSE:NEM).

Analysts await Reliance Steel & Aluminum Co. (NYSE:RS) to report earnings on October, 24. They expect $1.99 EPS, down 17.77 % or $0.43 from last year’s $2.42 per share. RS’s profit will be $132.64 million for 13.05 P/E if the $1.99 EPS becomes a reality. After $2.71 actual EPS reported by Reliance Steel & Aluminum Co. for the previous quarter, Wall Street now forecasts -26.57 % negative EPS growth.

More notable recent Reliance Steel & Aluminum Co. (NYSE:RS) news were published by: Globenewswire.com which released: “Reliance Steel & Aluminum Co. Reports Second Quarter 2019 Financial Results – GlobeNewswire” on July 25, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Planes, Trains And Automobiles – Seeking Alpha” published on August 31, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For September 6, 2019 – Benzinga” on September 06, 2019. More interesting news about Reliance Steel & Aluminum Co. (NYSE:RS) were released by: Globenewswire.com and their article: “Reliance Steel & Aluminum Co. Announces Appointment of Jeffrey Durham as Senior Vice President, Operations – GlobeNewswire” published on January 16, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 30, 2019 – Benzinga” with publication date: May 30, 2019.

Reliance Steel & Aluminum Co. (NYSE:RS) Institutional Positions Chart

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