Boston Private Wealth LLC Purchases Shares of 29,260 Companhia Siderúrgica Nacional (NYSE:SID)

Boston Private Wealth LLC acquired a new position in Companhia Siderúrgica Nacional (NYSE:SID) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 29,260 shares of the basic materials company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in Companhia Siderúrgica Nacional by 101.7% during the second quarter. Citigroup Inc. now owns 3,539 shares of the basic materials company’s stock worth $31,000 after buying an additional 1,784 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Companhia Siderúrgica Nacional during the 3rd quarter valued at $62,000. Apexium Financial LP bought a new stake in shares of Companhia Siderúrgica Nacional during the 3rd quarter worth $66,000. New York State Common Retirement Fund acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter worth $80,000. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Companhia Siderúrgica Nacional during the second quarter worth $96,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Several analysts have issued reports on SID shares. The Goldman Sachs Group assumed coverage on Companhia Siderúrgica Nacional in a report on Friday, December 10th. They set a “neutral” rating on the stock. Morgan Stanley lowered shares of Companhia Siderúrgica Nacional from an “overweight” rating to an “equal weight” rating in a report on Monday, October 18th. Finally, Zacks Investment Research lowered shares of Companhia Siderúrgica Nacional from a “hold” rating to a “strong sell” rating and set a $4.75 price objective for the company. in a research note on Friday, September 24th.

Shares of Companhia Siderúrgica Nacional stock opened at $4.62 on Friday. Companhia Siderúrgica Nacional has a 1 year low of $3.56 and a 1 year high of $10.33. The company has a market cap of $6.38 billion, a P/E ratio of 2.17, a P/E/G ratio of 0.39 and a beta of 1.83. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $4.19 and a 200 day moving average price of $6.06.

The firm also recently announced a — dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Monday, January 10th will be issued a $0.2433 dividend. The ex-dividend date of this dividend is Friday, January 7th. This represents a dividend yield of 8.4%. Companhia Siderúrgica Nacional’s dividend payout ratio is 17.37%.

About Companhia Siderúrgica Nacional

Companhia Siderurgica Nacional engages in the production and sale of integrated steel. It operates through the following segments: Steel, Mining, Cement, Logistics, and Energy. The Steel segment offers flat steel, long steel, metallic containers, and galvanized steel. The Mining segment encompasses the activities of iron ore and tin mining.

See Also: Hedge Funds – How They Work For Investors

Want to see what other hedge funds are holding SID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia Siderúrgica Nacional (NYSE:SID).

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

Receive News & Ratings for Companhia Siderúrgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderúrgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.