Bronson Point Management LLC Raised Its Holding in Nucor Corp (NUE) by $3.30 Million as Market Valuation Declined

Nucor Corporation (NYSE:NUE) LogoInvestors sentiment decreased to 0.79 in 2019 Q2. 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. Tci Wealth Advsr Incorporated holds 2,000 shares or 0.05% of its portfolio. Blair William & Il, a Illinois-based fund reported 4,989 shares. First Interstate State Bank has 760 shares for 0.01% of their portfolio. Gotham Asset Mgmt Ltd Liability Corp accumulated 0.19% or 220,955 shares. Bokf Na owns 8,668 shares. 21,657 are owned by Boston Private Wealth Llc. Chevy Chase Tru Holdg Inc reported 285,228 shares. Heritage Wealth Advsr stated it has 2,127 shares. Moreover, Amalgamated Comml Bank has 0.06% invested in Nucor Corporation (NYSE:NUE). Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Nucor Corporation (NYSE:NUE) for 159,055 shares. Aviva Public Limited reported 112,977 shares or 0.04% of all its holdings. First Midwest Natl Bank Tru Division reported 0.23% stake. Proshare Advisors Ltd Company has 1.54 million shares for 0.51% of their portfolio. Kbc Grp Inc Nv accumulated 303,100 shares. Srb has invested 0.05% in Nucor Corporation (NYSE:NUE).

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 1.90M 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: Fool.com which released: “Steel Giant Nucor in 5 Charts – The Motley Fool” on August 25, 2019, also Finance.Yahoo.com with their article: “How Many Nucor Corporation (NYSE:NUE) Shares Have Insiders Sold, In The Last Year? – Yahoo Finance” published on June 03, 2019, Seekingalpha.com published: “Nucor’s Long-Term Value – Seeking Alpha” on September 03, 2019. More interesting news about Nucor Corporation (NYSE:NUE) were released by: Bizjournals.com and their article: “Is Nucor looking to appoint an independent board chairman? – Charlotte Business Journal” published on September 11, 2019 as well as Bizjournals.com‘s news article titled: “Nucor CEO stepping down at the end of 2019, successor named – Charlotte Business Journal” with publication date: September 06, 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. KeyBanc Capital Markets maintained the shares of NUE in report on Tuesday, August 27 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, May 22. On Tuesday, June 4 the stock rating was maintained by Goldman Sachs with “Buy”. Bank of America downgraded Nucor Corporation (NYSE:NUE) on Friday, May 31 to “Underperform” rating. The rating was maintained by KeyBanc Capital Markets on Monday, June 17 with “Overweight”.

Nucor Corporation (NYSE:NUE) Institutional Positions Chart

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