Companhia Siderurgica Nacional (SID) Shares Bought by Arlington Capital Management Inc.

Arlington Capital Management Inc. raised its stake in Companhia Siderurgica Nacional (NYSE:SID) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,047,968 shares of the basic materials company’s stock after buying an additional 217,061 shares during the period. Companhia Siderurgica Nacional comprises approximately 5.4% of Arlington Capital Management Inc.’s portfolio, making the stock its 7th largest position. Arlington Capital Management Inc. owned 0.37% of Companhia Siderurgica Nacional worth $14,740,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in Companhia Siderurgica Nacional by 785.7% in the third quarter. SG Americas Securities LLC now owns 98,302 shares of the basic materials company’s stock valued at $271,000 after buying an additional 87,203 shares in the last quarter. Jane Street Group LLC increased its position in shares of Companhia Siderurgica Nacional by 2,883.8% in the third quarter. Jane Street Group LLC now owns 561,097 shares of the basic materials company’s stock valued at $1,548,000 after buying an additional 542,292 shares during the period. Schafer Cullen Capital Management Inc. purchased a new position in shares of Companhia Siderurgica Nacional during the third quarter valued at approximately $160,000. Profund Advisors LLC increased its position in shares of Companhia Siderurgica Nacional by 101.9% in the first quarter. Profund Advisors LLC now owns 107,586 shares of the basic materials company’s stock valued at $314,000 after buying an additional 54,297 shares during the period. Finally, Horseman Capital Management Ltd purchased a new position in shares of Companhia Siderurgica Nacional during the first quarter valued at approximately $7,531,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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

Shares of Companhia Siderurgica Nacional (NYSE:SID) traded down 0.238% during trading on Tuesday, hitting $2.095. 1,644,912 shares of the stock traded hands. The stock has a market cap of $2.84 billion, a PE ratio of 6.736 and a beta of 2.13. The firm’s 50-day moving average price is $2.42 and its 200-day moving average price is $3.23. Companhia Siderurgica Nacional has a 12 month low of $1.73 and a 12 month high of $4.24.

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Several equities analysts have recently commented on SID shares. Zacks Investment Research downgraded shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. TheStreet downgraded shares of Companhia Siderurgica Nacional from a “c-” rating to a “d+” rating in a research note on Monday, May 1st.

Companhia Siderurgica Nacional Company Profile

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.

12 Month Chart for NYSE:SID

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