Rhumbline Advisers Decreases Holdings in Steel Dynamics, Inc. $STLD

Rhumbline Advisers reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 5.6% in the third quarter, selling 16,583 shares and now owning 281,478 shares valued at approximately $39.25 million. Despite this, other major institutional investors like State Street Corp and Norges Bank increased their holdings, with institutional investors collectively owning 82.41% of the stock. Steel Dynamics recently reported an EPS of $1.82, beating estimates, and a revenue of $4.41 billion, although analysts have a consensus “Hold” rating with an average target price of $182.00.