Sumitomo Mitsui Trust Holdings Inc. Has $266,000 Stake in Companhia Siderurgica Nacional (NYSE:SID)

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Companhia Siderurgica Nacional (NYSE:SID) by 157.9% during the third quarter, HoldingsChannel.com reports. The fund owned 84,270 shares of the basic materials company’s stock after purchasing an additional 51,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Companhia Siderurgica Nacional were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SID. Compagnie Lombard Odier SCmA acquired a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter valued at about $28,000. Cadence Capital Management LLC acquired a new position in shares of Companhia Siderurgica Nacional during the 3rd quarter valued at about $32,000. Parallel Advisors LLC increased its holdings in shares of Companhia Siderurgica Nacional by 179.7% during the 2nd quarter. Parallel Advisors LLC now owns 11,175 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 7,180 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter valued at about $52,000. Finally, We Are One Seven LLC acquired a new position in shares of Companhia Siderurgica Nacional during the 2nd quarter valued at about $65,000. 3.65% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on SID shares. ValuEngine lowered Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. BTIG Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Zacks Investment Research lowered Companhia Siderurgica Nacional from a “strong-buy” rating to a “hold” rating and set a $4.00 price objective on the stock. in a report on Tuesday, September 24th. Finally, TheStreet lowered Companhia Siderurgica Nacional from a “b-” rating to a “c” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Companhia Siderurgica Nacional currently has a consensus rating of “Hold” and an average target price of $4.00.

SID opened at $2.73 on Friday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 3.68 and a beta of 1.84. The stock’s 50 day moving average price is $3.09 and its two-hundred day moving average price is $3.71. The company has a quick ratio of 0.58, a current ratio of 1.06 and a debt-to-equity ratio of 2.36. Companhia Siderurgica Nacional has a 12-month low of $2.10 and a 12-month high of $4.71.

Companhia Siderurgica Nacional (NYSE:SID) last released its earnings results on Monday, September 16th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. Companhia Siderurgica Nacional had a return on equity of 23.93% and a net margin of 10.33%. As a group, analysts anticipate that Companhia Siderurgica Nacional will post 0.46 earnings per share for the current year.

Companhia Siderurgica 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, 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 Siderurgica Nacional (NYSE:SID)

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