SCHNITZER STEEL Ownership
SCHNITZER STEEL INDU shows a total of 27.31 Million outstanding shares. The majority of SCHNITZER STEEL INDU outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in SCHNITZER STEEL to benefit from reduced commissions. Thus, institutions are subject to a different set of regulations than regular investors in SCHNITZER STEEL INDU. Please pay attention to any change in the institutional holdings of SCHNITZER STEEL INDUSTRIES as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the entity is less than the current market value, you may not be able to make money on it.
Some institutional investors establish a significant position in stocks such as SCHNITZER STEEL in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of SCHNITZER STEEL, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
SCHNITZER |
SCHNITZER Stock Ownership Analysis
About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.92. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. SCHNITZER STEEL INDU has Price/Earnings To Growth (PEG) ratio of 1.55. The entity last dividend was issued on the 14th of July 2023. The firm had 3:2 split on the 26th of March 2004. Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon. Schnitzer Steel operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 3471 people. To find out more about SCHNITZER STEEL INDUSTRIES contact the company at 503 224 9900 or learn more at https://www.schnitzersteel.com.SCHNITZER STEEL INDU Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific SCHNITZER STEEL insiders, such as employees or executives, is commonly permitted as long as it does not rely on SCHNITZER STEEL's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases SCHNITZER STEEL insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Michael Sutherlin over a year ago Acquisition by Michael Sutherlin of 249 shares of Schnitzer Steel subject to Rule 16b-3 | ||
Michael Sutherlin over a year ago Acquisition by Michael Sutherlin of 326 shares of Schnitzer Steel subject to Rule 16b-3 | ||
Michael Sutherlin over a year ago Acquisition by Michael Sutherlin of 270 shares of Schnitzer Steel subject to Rule 16b-3 | ||
Michael Sutherlin over a year ago Acquisition by Michael Sutherlin of 3573 shares of Schnitzer Steel subject to Rule 16b-3 |
Pair Trading with SCHNITZER STEEL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SCHNITZER STEEL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SCHNITZER STEEL will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Peabody Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peabody Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Peabody Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Peabody Energy Corp to buy it.
The correlation of Peabody Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Peabody Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Peabody Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Peabody Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in SCHNITZER Stock
If you are still planning to invest in SCHNITZER STEEL INDU check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SCHNITZER STEEL's history and understand the potential risks before investing.
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