Wrapmanager Inc. lifted its position in Companhia Siderurgica Nacional (NYSE:SID) by 27.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,958 shares of the basic materials company’s stock after purchasing an additional 5,744 shares during the quarter. Wrapmanager Inc.’s holdings in Companhia Siderurgica Nacional were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Claro Advisors LLC acquired a new stake in Companhia Siderurgica Nacional during the 1st quarter worth approximately $42,000. Concentrum Wealth Management acquired a new stake in Companhia Siderurgica Nacional during the 1st quarter worth approximately $47,000. F3Logic LLC acquired a new stake in Companhia Siderurgica Nacional during the 1st quarter worth approximately $57,000. We Are One Seven LLC acquired a new stake in Companhia Siderurgica Nacional during the 2nd quarter worth approximately $65,000. Finally, SG Americas Securities LLC acquired a new stake in Companhia Siderurgica Nacional during the 1st quarter worth approximately $68,000. 4.22% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Morgan Stanley cut Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 11th. ValuEngine downgraded Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. TheStreet raised Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a research note on Friday, June 21st. Finally, Zacks Investment Research downgraded Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.75.

Shares of SID stock opened at $3.49 on Thursday. The stock has a market cap of $4.88 billion, a P/E ratio of 3.67 and a beta of 1.75. The stock’s 50 day simple moving average is $4.23. Companhia Siderurgica Nacional has a 12-month low of $1.93 and a 12-month high of $4.71. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.90.

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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