As Reliance Steel & Aluminum Co (RS) Stock Value Rose, Scopus Asset Management LP Increased Holding by $72.51 Million

Reliance Steel & Aluminum Co. (NYSE:RS) LogoInvestors sentiment increased to 0.87 in Q1 2019. Its up 0.31, from 0.56 in 2018Q4. It is positive, as 27 investors sold RS shares while 118 reduced holdings. 49 funds opened positions while 77 raised stakes. 53.45 million shares or 4.77% less from 56.12 million shares in 2018Q4 were reported. 2,500 were accumulated by Vaughan Nelson Inv Mngmt Limited Partnership. Jane Street Gru Limited Company stated it has 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Mirae Asset Glob Company invested in 0.02% or 31,289 shares. Public Employees Retirement Systems Of Ohio holds 57,374 shares or 0.03% of its portfolio. Paragon Mgmt reported 4,279 shares. Northwestern Mutual Wealth Mgmt holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 181 shares. Natixis Advisors Lp stated it has 19,655 shares. Bowling Mngmt Limited Liability Corp invested in 0.06% or 4,007 shares. 3,719 were reported by M&T Bank. Wellington Shields Mngmt Ltd Liability Corporation holds 0.05% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS) for 3,350 shares. Amalgamated Bancorp has 13,917 shares for 0.03% of their portfolio. State Of Wisconsin Investment Board invested in 0% or 12,747 shares. 2,378 were reported by Gsa Cap Prtn Llp. Smith Graham Investment Advsrs Limited Partnership holds 0.59% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS) for 59,450 shares. Sei Invests accumulated 9,364 shares.

Scopus Asset Management Lp increased its stake in Reliance Steel & Aluminum Co (RS) by 2305.15% based on its latest 2019Q1 regulatory filing with the SEC. Scopus Asset Management Lp bought 805,650 shares as the company’s stock rose 11.04% . The hedge fund held 840,600 shares of the metal fabrications company at the end of 2019Q1, valued at $75.87 million, up from 34,950 at the end of the previous reported quarter. Scopus Asset Management Lp who had been investing in Reliance Steel & Aluminum Co for a number of months, seems to be bullish on the $6.41 billion market cap company. The stock decreased 3.12% or $3.1 during the last trading session, reaching $96.16. About 226,604 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 10.03% since August 14, 2018 and is uptrending. It has outperformed by 10.03% the S&P500.

Scopus Asset Management Lp, which manages about $3.64B and $3.41B US Long portfolio, decreased its stake in Tjx Cos Inc New (NYSE:TJX) by 75,000 shares to 425,000 shares, valued at $22.61M in 2019Q1, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 75,000 shares in the quarter, leaving it with 525,000 shares, and cut its stake in Lithia Mtrs Inc (NYSE:LAD).

More notable recent Reliance Steel & Aluminum Co. (NYSE:RS) news were published by: Benzinga.com which released: “Bank Of America Double Downgrades Nucor Ahead Of ‘Steelmageddon’ – Benzinga” on May 31, 2019, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 30, 2019 – Benzinga” published on May 30, 2019, Globenewswire.com published: “Reliance Steel Announces Executive Leadership Succession NYSE:RS – GlobeNewswire” on November 01, 2018. More interesting news about Reliance Steel & Aluminum Co. (NYSE:RS) were released by: Globenewswire.com and their article: “SLS Core Stage Receives Four RS-25 Engines for First Flight – GlobeNewswire” published on June 28, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here is What Hedge Funds Think About Parsley Energy Inc (PE) – Yahoo Finance” with publication date: April 23, 2019.

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

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