Caesarstone Ltd (CSTE) Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC raised its position in Caesarstone Ltd (NASDAQ:CSTE) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,102,478 shares of the construction company’s stock after buying an additional 122,089 shares during the period. Frontier Capital Management Co. LLC owned approximately 3.21% of Caesarstone worth $39,965,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CSTE. Capital Fund Management S.A. acquired a new position in shares of Caesarstone during the third quarter worth $709,000. Public Employees Retirement Association of Colorado raised its position in shares of Caesarstone by 7,626.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 301,335 shares of the construction company’s stock worth $11,363,000 after buying an additional 297,435 shares in the last quarter. BlackRock Investment Management LLC raised its position in shares of Caesarstone by 1.8% in the third quarter. BlackRock Investment Management LLC now owns 89,987 shares of the construction company’s stock worth $3,393,000 after buying an additional 1,626 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Caesarstone by 7.0% in the third quarter. BlackRock Fund Advisors now owns 713,056 shares of the construction company’s stock worth $26,889,000 after buying an additional 46,349 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Caesarstone by 237.7% in the third quarter. New York State Common Retirement Fund now owns 82,390 shares of the construction company’s stock worth $3,107,000 after buying an additional 57,990 shares in the last quarter. Institutional investors and hedge funds own 60.17% of the company’s stock.

Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

Caesarstone Ltd (NASDAQ:CSTE) opened at 38.35 on Thursday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.56 and a beta of 1.88. The stock’s 50 day moving average price is $38.75 and its 200 day moving average price is $33.03. Caesarstone Ltd has a 12 month low of $26.35 and a 12 month high of $44.00.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Caesarstone had a return on equity of 17.98% and a net margin of 13.90%. The business had revenue of $136.40 million for the quarter, compared to the consensus estimate of $124.97 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Caesarstone Ltd will post $2.06 earnings per share for the current fiscal year.

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A number of equities analysts have weighed in on CSTE shares. Zacks Investment Research upgraded Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Wednesday, February 8th. Stifel Nicolaus upgraded Caesarstone from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $47.00 in a research note on Friday, March 24th. TheStreet upgraded Caesarstone from a “c” rating to a “b-” rating in a research note on Tuesday, April 11th. Finally, Chardan Capital lowered Caesarstone from a “buy” rating to a “neutral” rating and increased their price objective for the company from $39.00 to $43.00 in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.75.

Caesarstone Company Profile

Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.

12 Month Chart for NASDAQ:CSTE

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