BNP Paribas Financial Markets Has $1.52 Million Stake in Companhia Siderúrgica Nacional (NYSE:SID)

BNP Paribas Financial Markets lifted its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 70.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,053,204 shares of the basic materials company’s stock after buying an additional 436,157 shares during the quarter. BNP Paribas Financial Markets’ holdings in Companhia Siderúrgica Nacional were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Northern Trust Corp grew its position in Companhia Siderúrgica Nacional by 2,160.7% in the 4th quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company’s stock valued at $2,282,000 after purchasing an additional 1,514,727 shares during the period. Virtus ETF Advisers LLC grew its position in Companhia Siderúrgica Nacional by 23.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 16,414 shares during the period. Savvy Advisors Inc. grew its position in Companhia Siderúrgica Nacional by 56.1% in the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 12,987 shares during the period. Invesco Ltd. grew its position in Companhia Siderúrgica Nacional by 31.1% in the 4th quarter. Invesco Ltd. now owns 269,342 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 63,880 shares during the period. Finally, Headlands Technologies LLC grew 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 valued at $64,000 after purchasing an additional 43,082 shares during the period.

Companhia Siderúrgica Nacional Stock Performance

NYSE SID opened at $1.63 on Monday. The company has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $1.64. Companhia Siderúrgica Nacional has a 12-month low of $1.27 and a 12-month high of $2.85. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company has a market cap of $2.15 billion, a P/E ratio of -10.83 and a beta of 1.83.

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

Wall Street Analyst Weigh In

SID has been the subject of several research reports. StockNews.com raised shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a research report on Friday. UBS Group initiated 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 for the company.

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.