Schonfeld Strategic Advisors LLC Takes $89,000 Position in Companhia Siderúrgica Nacional (NYSE:SID)

Schonfeld Strategic Advisors LLC acquired a new stake in Companhia Siderúrgica Nacional (NYSE:SID) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the basic materials company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also bought and sold shares of SID. JPMorgan Chase & Co. acquired a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $702,000. Jane Street Group LLC raised its stake in shares of Companhia Siderúrgica Nacional by 219.9% in the second quarter. Jane Street Group LLC now owns 319,292 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 219,490 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $905,000. Aigen Investment Management LP acquired a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $49,000. Finally, Signaturefd LLC raised its stake in Companhia Siderúrgica Nacional by 53.7% during the third quarter. Signaturefd LLC now owns 14,448 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 5,048 shares in the last quarter. 2.03% of the stock is owned by institutional investors.

Shares of SID stock opened at $5.95 on Friday. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.81 and a current ratio of 1.44. The company has a market capitalization of $8.26 billion, a P/E ratio of -49.58 and a beta of 2.03. The company’s 50 day moving average price is $4.92 and its two-hundred day moving average price is $3.30. Companhia Siderúrgica Nacional has a 52 week low of $1.02 and a 52 week high of $6.28.

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

Several research analysts have recently issued reports on SID shares. TheStreet raised shares of Companhia Siderúrgica Nacional from a “d+” rating to a “c-” rating in a research note on Wednesday, October 28th. Zacks Investment Research downgraded 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 upgraded shares of Companhia Siderúrgica Nacional from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Finally, ValuEngine downgraded shares of Companhia Siderúrgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, December 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Companhia Siderúrgica Nacional has an average rating of “Hold” and an average price target of $3.00.

Companhia Siderúrgica Nacional Company Profile

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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