Jacobs Levy Equity Management Reduces $6M in Commercial Metals Company ($CMC)
Key Points
- Jacobs Levy Equity Management changed its Commercial Metals Company ($CMC) stake by 5.36% last quarter, cutting to 1,421,437 shares worth $110.53 million.
- $CMC last traded around $77.76.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Jacobs Levy Equity Management trimmed its position in Commercial Metals Company ($CMC) by 5.36% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,421,437 shares of Commercial Metals Company after selling 80,578 shares during the quarter. Jacobs Levy Equity Management's holdings in Commercial Metals Company were worth $110.53 million as of its most recent filing.
Commercial Metals Company Stock Up 15.0%
Shares of Commercial Metals Company ($CMC) traded around $77.76 on Saturday, up 15.0% for the day.
Commercial Metals Company Earnings
Commercial Metals Company Dividend
Analysts Set New Price Targets
About Commercial Metals Company
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group; Europe Steel Group; and Emerging Businesses Group. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, wire rod, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it sells wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, assembled rebar cages and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
Get Commercial Metals Company alerts
New 13F filings, insider trades, and analyst moves on $CMC, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.