Reliance Steel & Aluminum Co (RS) Holder Millennium Management Has Upped Position by $45.33 Million; As Lincoln Natl Ind (LNC) Stock Value Declined, Holder Bridgewater Associates LP Has Decreased Position by $668,169

February 18, 2018 - By Ellis Scott

Israel Englander increased its stake in Reliance Steel & Aluminum Co (RS) by 265.86% based on its latest 2017Q3 regulatory filing with the SEC. Millennium Management Llc bought 596,471 shares as the company’s stock declined 16.82% while stock markets rallied. The hedge fund run by Israel Englander held 820,824 shares of the metal fabrications company at the end of 2017Q3, valued at $62.52 million, up from 224,353 at the end of the previous reported quarter. Millennium Management Llc who had been investing in Reliance Steel & Aluminum Co for a number of months, seems to be bullish on the $6.90 billion market cap company. The stock increased 3.39% or $3.1 during the last trading session, reaching $94.57. About 1.23 million shares traded or 176.52% up from the average. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since February 18, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Ray Dalio decreased its stake in Lincoln Natl Corp Ind (LNC) by 75.54% based on its latest 2017Q3 regulatory filing with the SEC. Bridgewater Associates Lp sold 9,153 shares as the company’s stock declined 8.83% while stock markets rallied. The hedge fund run by Ray Dalio held 2,963 shares of the life insurance company at the end of 2017Q3, valued at $218,000, down from 12,116 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Lincoln Natl Corp Ind for a number of months, seems to be less bullish one the $16.92B market cap company. The stock increased 0.52% or $0.4 during the last trading session, reaching $77.58. About 1.14M shares traded. Lincoln National Corporation (NYSE:LNC) has risen 47.27% since February 18, 2017 and is uptrending. It has outperformed by 30.57% the S&P500.

Since February 2, 2018, it had 0 buys, and 4 sales for $12.76 million activity. Shares for $620,568 were sold by Cooper Ellen on Friday, February 2. 102,367 shares were sold by GLASS DENNIS R, worth $8.67 million. On Friday, February 2 Buckingham Lisa sold $799,671 worth of Lincoln National Corporation (NYSE:LNC) or 9,462 shares.

Bridgewater Associates Lp, which manages about $14.91B US Long portfolio, upped its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 111,020 shares to 117,418 shares, valued at $16.47 million in 2017Q3, according to the filing. It also increased its holding in Las Vegas Sands Corp (NYSE:LVS) by 28,460 shares in the quarter, for a total of 61,541 shares, and has risen its stake in Tyson Foods Inc (NYSE:TSN).

Among 15 analysts covering Lincoln National (NYSE:LNC), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. Lincoln National had 51 analyst reports since August 4, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Lincoln National Corporation (NYSE:LNC) on Thursday, December 21 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 4. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Morgan Stanley maintained the shares of LNC in report on Thursday, October 5 with “Equal-Weight” rating. The firm has “Neutral” rating given on Friday, July 15 by Goldman Sachs. The company was maintained on Monday, October 9 by RBC Capital Markets. The firm has “Mkt Perform” rating given on Wednesday, November 9 by FBR Capital. The firm has “Hold” rating given on Friday, June 23 by Keefe Bruyette & Woods. As per Friday, January 22, the company rating was upgraded by Raymond James. On Tuesday, October 18 the stock rating was maintained by FBR Capital with “Outperform”.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.08, from 0.92 in 2017Q2. It turned negative, as 31 investors sold LNC shares while 232 reduced holdings. 53 funds opened positions while 169 raised stakes. 171.85 million shares or 0.51% less from 172.72 million shares in 2017Q2 were reported. Advisors Cap Management Limited invested in 0.42% or 70,174 shares. Dowling & Yahnke Lc holds 4,273 shares. Moreover, Wealthtrust has 0.04% invested in Lincoln National Corporation (NYSE:LNC). Moreover, Leuthold Group Ltd Liability Corp has 0.56% invested in Lincoln National Corporation (NYSE:LNC). Tower Bridge Advsr holds 7,550 shares. Palladium Prtnrs Lc accumulated 58,317 shares. 142,647 are held by Aviva Public Limited Liability Com. Gam Holdg Ag holds 0.02% in Lincoln National Corporation (NYSE:LNC) or 7,830 shares. Jacobs Levy Equity accumulated 0.03% or 20,180 shares. Barbara Oil holds 0.51% in Lincoln National Corporation (NYSE:LNC) or 10,000 shares. Invesco reported 1.29M shares. Boothbay Fund Limited Liability holds 3,730 shares or 0.05% of its portfolio. Frontier Mngmt owns 0.3% invested in Lincoln National Corporation (NYSE:LNC) for 49,397 shares. Bankshares Of Nova Scotia invested in 38,751 shares. Federated Invsts Inc Pa, a Pennsylvania-based fund reported 20,590 shares.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.27, from 1.23 in 2017Q2. It turned negative, as 32 investors sold RS shares while 105 reduced holdings. 31 funds opened positions while 101 raised stakes. 59.07 million shares or 1.45% less from 59.94 million shares in 2017Q2 were reported. Centurylink Invest Mgmt reported 0.44% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Nwq Invest Mgmt Com Lc invested in 167,073 shares or 0.16% of the stock. Alliancebernstein Lp has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS). Nomura Inc owns 28,000 shares or 0% of their US portfolio. Sg Americas Secs Limited Liability Company stated it has 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Pacad Invest has invested 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys invested 0.01% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Liberty Mutual Gru Asset Mgmt Inc invested in 19,064 shares. Moreover, Heartland Advsrs has 0.02% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 3,719 shares. Eagle Asset Mgmt Inc stated it has 139,798 shares or 0.06% of all its holdings. 149,147 are held by International Grp. Citigroup Incorporated has invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Kennedy Cap Mgmt holds 0.13% or 96,809 shares. Advantus Capital Mgmt accumulated 9,201 shares or 0.02% of the stock. Robeco Institutional Asset Bv owns 112,620 shares.

Among 9 analysts covering Reliance Steel (NYSE:RS), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Reliance Steel had 38 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Neutral” rating by Rosenblatt on Thursday, April 28. The firm has “Buy” rating given on Friday, June 23 by Deutsche Bank. The rating was downgraded by Macquarie Research on Tuesday, November 29 to “Neutral”. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Bank of America on Tuesday, September 5. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Cowen & Co on Friday, November 3. The rating was maintained by Jefferies with “Hold” on Thursday, July 6. The stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given on Friday, February 16 by Cowen & Co. The rating was upgraded by Longbow to “Buy” on Wednesday, February 7. The company was maintained on Thursday, February 15 by KeyBanc Capital Markets. Jefferies maintained the shares of RS in report on Tuesday, May 30 with “Hold” rating.

Since December 8, 2017, it had 0 buys, and 1 insider sale for $92,861 activity.

Millennium Management Llc, which manages about $65.63B US Long portfolio, decreased its stake in Tjx Cos Inc New (NYSE:TJX) by 580,462 shares to 368,906 shares, valued at $27.20M in 2017Q3, according to the filing. It also reduced its holding in Nordstrom Inc (NYSE:JWN) by 193,309 shares in the quarter, leaving it with 36,691 shares, and cut its stake in Newlink Genetics Corp (Call) (NASDAQ:NLNK).

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By1 Ellis Scott

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