Citadel Advisors LLC cut its holdings in Companhia Siderurgica Nacional (NYSE:SID) by 52.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308,241 shares of the basic materials company’s stock after selling 335,498 shares during the period. Citadel Advisors LLC’s holdings in Companhia Siderurgica Nacional were worth $623,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Credit Agricole S A acquired a new position in shares of Companhia Siderurgica Nacional in the second quarter valued at about $193,000. IPG Investment Advisors LLC acquired a new position in shares of Companhia Siderurgica Nacional in the second quarter valued at about $119,000. Banco de Sabadell S.A acquired a new position in shares of Companhia Siderurgica Nacional in the first quarter valued at about $152,000. Barclays PLC grew its stake in shares of Companhia Siderurgica Nacional by 28.9% in the first quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after acquiring an additional 77,779 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Companhia Siderurgica Nacional in the first quarter valued at about $397,000. Institutional investors and hedge funds own 1.96% of the company’s stock.

SID opened at $2.06 on Tuesday. Companhia Siderurgica Nacional has a twelve month low of $1.91 and a twelve month high of $3.55. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 2.99.

The company also recently disclosed a special dividend, which was paid on Friday, September 7th. Investors of record on Thursday, August 30th were given a dividend of $0.1618 per share. This is a boost from Companhia Siderurgica Nacional’s previous special dividend of $0.06. The ex-dividend date was Wednesday, August 29th.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Bank of America assumed coverage on shares of Companhia Siderurgica Nacional in a research note on Thursday, August 16th. They issued a “buy” rating on the stock. Credit Suisse Group upgraded shares of Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a research note on Monday, June 4th. Finally, Zacks Investment Research upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.25.

Companhia Siderurgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products 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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