Millennium Management Has Upped Reliance Steel & Aluminum Co (RS) Position; Melvin Capital Management LP Raised Del Friscos Restaurant Group (DFRG) Stake By $19.13 Million

June 20, 2017 - By Darrin Black

Melvin Capital Management Lp increased Del Friscos Restaurant Group (DFRG) stake by 1500% reported in 2016Q4 SEC filing. Melvin Capital Management Lp acquired 1.13 million shares as Del Friscos Restaurant Group (DFRG)’s stock rose 0.59%. The Melvin Capital Management Lp holds 1.20M shares with $20.40 million value, up from 75,000 last quarter. Del Friscos Restaurant Group now has $347.55 million valuation. The stock declined 2.30% or $0.37 reaching $15.93 on the news. About 581,310 shares traded or 265.55% up from the average. Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has risen 16.19% since June 20, 2016 and is uptrending. It has underperformed by 0.51% the S&P500.

Millennium Management Llc increased Reliance Steel & Aluminum Co (RS) stake by 459.09% reported in 2016Q4 SEC filing. Millennium Management Llc acquired 229,545 shares as Reliance Steel & Aluminum Co (RS)’s stock declined 16.82%. The Millennium Management Llc holds 279,545 shares with $22.24M value, up from 50,000 last quarter. Reliance Steel & Aluminum Co now has $5.09B valuation. The stock declined 3.75% or $2.72 reaching $69.79 on the news. About 520,829 shares traded. Reliance Steel & Aluminum Co (NYSE:RS) has risen 0.13% since June 20, 2016 and is uptrending. It has underperformed by 16.57% the S&P500.

Since February 21, 2017, it had 0 insider purchases, and 4 insider sales for $2.97 million activity. $2.18 million worth of Reliance Steel & Aluminum Co (NYSE:RS) shares were sold by HANNAH DAVID H. 2,000 shares were sold by Sharkey Andrew G III, worth $173,875. $116,297 worth of Reliance Steel & Aluminum Co (NYSE:RS) was sold by MOLLINS GREGG J. On Tuesday, March 7 the insider HAYES DOUGLAS M sold $493,500.

Millennium Management Llc decreased Chicago Bridge & Iron Co N V (NYSE:CBI) stake by 244,963 shares to 134,828 valued at $4.28M in 2016Q4. It also reduced Boston Beer Inc (NYSE:SAM) stake by 20,534 shares and now owns 23,192 shares. Epr Pptys (NYSE:EPR) was reduced too.

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Reliance Steel had 18 analyst reports since September 8, 2015 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Tuesday, May 23 report. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has “Buy” rating given on Monday, December 5 by Deutsche Bank. The firm earned “Buy” rating on Tuesday, September 8 by Bank of America. Jefferies maintained it with “Buy” rating and $72 target in Wednesday, September 16 report. Macquarie Research downgraded Reliance Steel & Aluminum Co (NYSE:RS) on Tuesday, November 29 to “Neutral” rating. Rosenblatt upgraded the stock to “Neutral” rating in Thursday, April 28 report. KeyBanc Capital Markets upgraded Reliance Steel & Aluminum Co (NYSE:RS) on Monday, January 9 to “Overweight” rating. Deutsche Bank downgraded Reliance Steel & Aluminum Co (NYSE:RS) on Wednesday, March 23 to “Hold” rating. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has “Outperform” rating given on Tuesday, March 14 by Macquarie Research. Cowen & Co maintained the stock with “Outperform” rating in Friday, July 22 report.

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.19, from 1.1 in 2016Q3. It turned negative, as 39 investors sold RS shares while 121 reduced holdings. 45 funds opened positions while 100 raised stakes. 58.43 million shares or 0.90% less from 58.97 million shares in 2016Q3 were reported. Centurylink Invest Management stated it has 19,092 shares. Kanaly Trust Communications has invested 0% in Reliance Steel & Aluminum Co (NYSE:RS). Wilbanks Smith And Thomas Asset Limited holds 5,604 shares. The Massachusetts-based Panagora Asset Inc has invested 0.15% in Reliance Steel & Aluminum Co (NYSE:RS). Highbridge Management Limited Liability Company, New York-based fund reported 6,437 shares. Whittier Com stated it has 10 shares. Gsa Cap Prns Llp owns 3,184 shares for 0.02% of their portfolio. Prelude Cap Mngmt Ltd Llc accumulated 0% or 443 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt, a Pennsylvania-based fund reported 10,743 shares. Van Eck Associates Corp has invested 0.04% in Reliance Steel & Aluminum Co (NYSE:RS). Johnson Inv Counsel Inc owns 15,985 shares. Parallax Volatility Advisers LP invested in 0% or 1,704 shares. Rhumbline Advisers holds 0.03% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS) for 131,652 shares. Voya Investment Management Limited Liability Company has 0.01% invested in Reliance Steel & Aluminum Co (NYSE:RS) for 77,725 shares. Cornerstone Capital Inc holds 2.17% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS) for 127,915 shares.

Melvin Capital Management Lp decreased Yy Inc (Call) (NASDAQ:YY) stake by 350,000 shares to 200,000 valued at $7.88 million in 2016Q4. It also reduced Starbucks Corp (Call) (NASDAQ:SBUX) stake by 200,000 shares and now owns 1.50 million shares. Avon Prods Inc (NYSE:AVP) was reduced too.

Since February 1, 2017, it had 1 buying transaction, and 3 insider sales for $31.39 million activity. Pennison Thomas J Jr also sold $50,140 worth of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) on Monday, May 15. $20.24 million worth of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) shares were sold by Fidelity National Financial – Inc.. Shares for $277,555 were bought by Abdallah Norman J on Tuesday, February 28.

Investors sentiment is 0.93 in 2016 Q4. Its the same as in 2016Q3. It has no change, as 18 investors sold DFRG shares while 36 reduced holdings. only 14 funds opened positions while 36 raised stakes. 22.18 million shares or 1.55% less from 22.53 million shares in 2016Q3 were reported. Howe And Rusling Incorporated reported 140 shares stake. Tiaa Cref Inv Ltd Liability stated it has 0% of its portfolio in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Fidelity National Incorporated accumulated 11.82% or 3.04 million shares. California State Teachers Retirement stated it has 48,816 shares or 0% of all its holdings. Metropolitan Life Ins has invested 0% in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Northern has 0% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). White Pine Capital Limited Liability has 0.3% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) for 42,100 shares. Millennium Mngmt Ltd Liability Corporation owns 35,725 shares for 0% of their portfolio. Ubs Asset Management Americas reported 0.01% stake. Barclays Public Limited has 0% invested in Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG). Mcclain Value reported 15,364 shares. Kempen Cap Nv holds 70,638 shares or 0.15% of its portfolio. Blackrock Incorporated stated it has 1,597 shares. Sterling Cap Mngmt Ltd Liability Co accumulated 118,699 shares. Arrowstreet Cap Ltd Partnership invested in 0.01% or 189,083 shares.

Among 7 analysts covering Del Frisco’s Restaurant Group (NASDAQ:DFRG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Del Frisco’s Restaurant Group had 9 analyst reports since September 14, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, November 29 by Credit Suisse. The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has “Hold” rating given on Tuesday, July 26 by Stifel Nicolaus. Piper Jaffray downgraded the shares of DFRG in report on Monday, November 9 to “Neutral” rating. The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) earned “Hold” rating by Canaccord Genuity on Monday, February 27. Stephens downgraded the shares of DFRG in report on Wednesday, November 16 to “Equal-Weight” rating. Wm Smith initiated Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) on Wednesday, October 5 with “Not Rated” rating. The stock of Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) has “Buy” rating given on Tuesday, October 6 by Stifel Nicolaus.

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