Sei Investments Co. Invests $905,000 in Companhia Siderúrgica Nacional (NYSE:SID)


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Sei Investments Co. bought a new position in shares of Companhia Siderúrgica Nacional (NYSE:SID) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 307,707 shares of the basic materials company’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Companhia Siderúrgica Nacional in the third quarter valued at about $702,000. Jane Street Group LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 219.9% during 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 during the last quarter. Aigen Investment Management LP acquired a new position in shares of Companhia Siderúrgica Nacional during the third quarter worth approximately $49,000. Signaturefd LLC boosted its position in shares of 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 buying an additional 5,048 shares during the period. Finally, Guggenheim Capital LLC boosted its position 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 worth $375,000 after buying an additional 4,675 shares during the period. 2.03% of the stock is currently owned by institutional investors and hedge funds.

SID has been the subject of a number of research analyst reports. ValuEngine downgraded Companhia Siderúrgica Nacional from a “hold” rating to a “sell” rating in a research report on Wednesday, December 2nd. TheStreet raised shares of Companhia Siderúrgica Nacional from a “d+” rating to a “c-” rating in a research note on Wednesday, October 28th. 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, 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 note on Tuesday, September 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Companhia Siderúrgica Nacional presently has an average rating of “Hold” and a consensus price target of $3.00.

SID opened at $5.95 on Friday. Companhia Siderúrgica Nacional has a one year low of $1.02 and a one year high of $6.28. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.44 and a quick ratio of 0.81. The company’s 50 day simple moving average is $4.92 and its 200-day simple moving average is $3.30. The stock has a market capitalization of $8.26 billion, a P/E ratio of -49.58 and a beta of 2.03.

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

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

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