Schonfeld Strategic Advisors LLC Acquires New Stake in Companhia Siderúrgica Nacional (NYSE:SID)


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Schonfeld Strategic Advisors LLC acquired a new stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 30,000 shares of the basic materials company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Guggenheim Capital LLC increased its stake in shares of Companhia Siderúrgica Nacional by 3.8% during the third quarter. Guggenheim Capital LLC now owns 127,633 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 4,675 shares during the period. Signaturefd LLC grew its position in Companhia Siderúrgica Nacional by 53.7% in the third quarter. Signaturefd LLC now owns 14,448 shares of the basic materials company’s stock worth $42,000 after buying an additional 5,048 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Companhia Siderúrgica Nacional in the third quarter worth approximately $40,000. ExodusPoint Capital Management LP acquired a new position in Companhia Siderúrgica Nacional in the third quarter worth approximately $48,000. Finally, Aigen Investment Management LP acquired a new position in Companhia Siderúrgica Nacional in the third quarter worth approximately $49,000. Institutional investors and hedge funds own 2.03% of the company’s stock.

SID opened at $5.95 on Friday. Companhia Siderúrgica Nacional has a 1-year low of $1.02 and a 1-year high of $6.28. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 5.13. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of -49.58 and a beta of 2.03. The business has a 50 day moving average of $4.92 and a 200-day moving average of $3.30.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Thursday, October 15th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.47 billion. Companhia Siderúrgica Nacional had a net margin of 5.00% and a return on equity of 17.68%. Equities analysts predict that Companhia Siderúrgica Nacional will post 0.32 EPS for the current year.

SID has been the topic of several recent research reports. TheStreet upgraded shares of Companhia Siderúrgica Nacional from a “d+” rating to a “c-” rating in a research report on Wednesday, October 28th. Zacks Investment Research lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a research report on Tuesday, September 29th. The Goldman Sachs Group raised shares of Companhia Siderúrgica Nacional from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Finally, ValuEngine downgraded Companhia Siderúrgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, December 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.00.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel products, such as 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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