Reliance Steel & Aluminum Co. (RS) Shares Sold by Clinton Group Inc.

Clinton Group Inc. lowered its position in Reliance Steel & Aluminum Co. (NYSE:RS) by 58.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,832 shares of the company’s stock after selling 19,392 shares during the period. Clinton Group Inc.’s holdings in Reliance Steel & Aluminum Co. were worth $996,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RS. Victory Capital Management Inc. raised its position in shares of Reliance Steel & Aluminum Co. by 50.3% in the third quarter. Victory Capital Management Inc. now owns 1,135,348 shares of the company’s stock worth $81,779,000 after buying an additional 379,877 shares during the last quarter. Numeric Investors LLC raised its position in shares of Reliance Steel & Aluminum Co. by 228.0% in the second quarter. Numeric Investors LLC now owns 410,300 shares of the company’s stock worth $31,552,000 after buying an additional 285,200 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Reliance Steel & Aluminum Co. during the third quarter worth $15,857,000. Acadian Asset Management LLC raised its position in shares of Reliance Steel & Aluminum Co. by 11.6% in the third quarter. Acadian Asset Management LLC now owns 1,418,705 shares of the company’s stock worth $102,192,000 after buying an additional 147,993 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Reliance Steel & Aluminum Co. by 17.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 932,217 shares of the company’s stock worth $67,151,000 after buying an additional 135,801 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Institutional Ownership by Quarter for Reliance Steel & Aluminum Co. (NYSE:RS)

Reliance Steel & Aluminum Co. (NYSE:RS) traded down 0.19% during trading on Friday, hitting $83.44. The stock had a trading volume of 501,241 shares. The firm’s 50-day moving average price is $81.22 and its 200-day moving average price is $76.20. Reliance Steel & Aluminum Co. has a 52-week low of $58.06 and a 52-week high of $87.58. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 19.55 and a beta of 1.32.

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A number of equities analysts have recently weighed in on RS shares. KeyCorp raised Reliance Steel & Aluminum Co. from a “sector weight” rating to an “overweight” rating and set a $92.00 target price on the stock in a research report on Monday, January 9th. Zacks Investment Research raised Reliance Steel & Aluminum Co. from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Deutsche Bank AG increased their price target on Reliance Steel & Aluminum Co. from $78.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 price target (down from $72.00) on shares of Reliance Steel & Aluminum Co. in a research report on Monday, October 24th. Finally, Clarkson Capital raised Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Reliance Steel & Aluminum Co. has an average rating of “Hold” and a consensus price target of $82.10.

In other news, Director Andrew G. Sharkey III sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $81.33, for a total transaction of $243,990.00. Following the completion of the sale, the director now directly owns 4,693 shares of the company’s stock, valued at approximately $381,681.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregg J. Mollins sold 10,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $86.79, for a total transaction of $867,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 99,000 shares of company stock valued at $8,345,660 over the last three months. Corporate insiders own 3.73% of the company’s stock.

About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co is a metals service center company. The Company operates through metals service centers segment. The Company’s network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom.

5 Day Chart for NYSE:RS

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