American Century Companies Inc. Buys 87,403 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

American Century Companies Inc. increased its stake in Companhia Siderúrgica Nacional (NYSE:SID) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,173,564 shares of the basic materials company’s stock after buying an additional 87,403 shares during the quarter. American Century Companies Inc.’s holdings in Companhia Siderúrgica Nacional were worth $3,130,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Companhia Siderúrgica Nacional by 256.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 40,511 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Companhia Siderúrgica Nacional by 41.3% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after buying an additional 9,314 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Companhia Siderúrgica Nacional in the 4th quarter worth approximately $35,000. Blue Trust Inc. boosted its stake in Companhia Siderúrgica Nacional by 2,305.2% in the fourth quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company’s stock worth $71,000 after buying an additional 47,280 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position 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 valued at $1,056,000 after acquiring an additional 440,983 shares during the last quarter.

Wall Street Analyst Weigh In

SID has been the subject of a number of recent research reports. UBS Group assumed coverage on shares of Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price objective for the company. StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Companhia Siderúrgica Nacional Price Performance

SID opened at $1.46 on Monday. 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 stock’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.77. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -9.70 and a beta of 1.82. Companhia Siderúrgica Nacional has a 1 year low of $1.27 and a 1 year 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, topping the consensus estimate of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $11.85 billion. As a group, analysts predict that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current year.

Companhia Siderúrgica Nacional Profile

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.