Balentine LLC Takes $57,000 Position in Companhia Siderúrgica Nacional (NYSE:SID)

Balentine LLC purchased a new stake in shares of Companhia Siderúrgica Nacional (NYSE:SIDGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,592 shares of the basic materials company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in shares of Companhia Siderúrgica Nacional by 724.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,828 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 6,000 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at about $49,000. Quadrant Capital Group LLC increased its position in shares of Companhia Siderúrgica Nacional by 673.4% during the 4th quarter. Quadrant Capital Group LLC now owns 14,726 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 12,822 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Companhia Siderúrgica Nacional by 27.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,040 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 3,285 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Companhia Siderúrgica Nacional by 12.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 17,512 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 2.49% of the company’s stock.

Companhia Siderúrgica Nacional Trading Up 3.1 %

Shares of NYSE:SID opened at $2.97 on Friday. The stock has a 50 day moving average of $3.21 and a 200 day moving average of $4.27. The company has a market cap of $4.12 billion, a PE ratio of 2.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The company has a current ratio of 1.65, a quick ratio of 1.12 and a debt-to-equity ratio of 1.05. Companhia Siderúrgica Nacional has a 12-month low of $2.42 and a 12-month high of $8.65.

Companhia Siderúrgica Nacional (NYSE:SIDGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.52). Companhia Siderúrgica Nacional had a net margin of 18.74% and a return on equity of 36.74%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.58 billion. As a group, equities research analysts expect that Companhia Siderúrgica Nacional will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SID shares. TheStreet lowered shares of Companhia Siderúrgica Nacional from a “b-” rating to a “c+” rating in a research report on Monday, July 11th. StockNews.com downgraded Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th.

About Companhia Siderúrgica Nacional

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Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

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Institutional Ownership by Quarter for Companhia Siderúrgica Nacional (NYSE:SID)

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