Companhia Siderúrgica Nacional (NYSE:SID) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Companhia Siderúrgica Nacional (NYSE:SID) by 45.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 42,415 shares of the basic materials company’s stock after selling 35,385 shares during the quarter. Corient Private Wealth LLC’s holdings in Companhia Siderúrgica Nacional were worth $61,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in shares of Companhia Siderúrgica Nacional during the 3rd quarter valued at about $3,585,000. JPMorgan Chase & Co. boosted its holdings in Companhia Siderúrgica Nacional by 48,194.9% during the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock worth $1,056,000 after buying an additional 440,983 shares in the last quarter. Point72 Asset Management L.P. grew its position in Companhia Siderúrgica Nacional by 352.6% in the third quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock worth $719,000 after buying an additional 234,498 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $299,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Companhia Siderúrgica Nacional by 11.8% in the third quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock valued at $1,475,000 after buying an additional 65,219 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. UBS Group began coverage on shares of Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They set a “sell” rating and a $1.30 price objective for the company.

Companhia Siderúrgica Nacional Price Performance

NYSE SID opened at $1.60 on Thursday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -10.67 and a beta of 1.82. The company has a 50 day simple moving average of $1.59 and a 200-day simple moving average of $1.78. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $3.08.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. Equities research analysts predict that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.