Legal & General Group Plc Has $791,000 Stock Position in Companhia Siderúrgica Nacional (NYSE:SID)

Legal & General Group Plc trimmed its holdings in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 547,459 shares of the basic materials company’s stock after selling 51,066 shares during the period. Legal & General Group Plc’s holdings in Companhia Siderúrgica Nacional were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. increased 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 purchasing an additional 9,314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Companhia Siderúrgica Nacional in the 4th quarter worth about $35,000. EntryPoint Capital LLC acquired a new position in Companhia Siderúrgica Nacional in the 4th quarter worth about $55,000. Sequoia Financial Advisors LLC increased its position in 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 during the last quarter. Finally, Headlands Technologies LLC increased its position in Companhia Siderúrgica Nacional by 3,395.0% in the 4th quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 43,082 shares during the last quarter.

Analysts Set New Price Targets

Separately, UBS Group began coverage on shares of Companhia Siderúrgica Nacional in a research report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price target on the stock.

Companhia Siderúrgica Nacional Trading Up 0.9 %

NYSE:SID opened at $1.69 on Monday. Companhia Siderúrgica Nacional has a 12 month low of $1.27 and a 12 month high of $2.86. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -11.23 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. The company’s 50 day moving average is $1.57 and its 200-day moving average is $1.68.

Companhia Siderúrgica Nacional (NYSE:SID) last released its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.85 billion. Equities analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS 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.