SG Americas Securities LLC Invests $118,000 in Caesarstone Ltd. (NASDAQ:CSTE)

SG Americas Securities LLC acquired a new position in shares of Caesarstone Ltd. (NASDAQ:CSTEGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,874 shares of the construction company’s stock, valued at approximately $118,000.

Other large investors also recently made changes to their positions in the company. Avestar Capital LLC increased its position in shares of Caesarstone by 10.6% during the second quarter. Avestar Capital LLC now owns 13,000 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,250 shares in the last quarter. American Trust boosted its holdings in Caesarstone by 15.7% during the first quarter. American Trust now owns 12,251 shares of the construction company’s stock worth $129,000 after purchasing an additional 1,664 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Caesarstone during the first quarter worth $142,000. Swiss National Bank boosted its holdings in Caesarstone by 6.7% during the first quarter. Swiss National Bank now owns 57,400 shares of the construction company’s stock worth $604,000 after purchasing an additional 3,600 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Caesarstone by 20.3% during the first quarter. HighTower Advisors LLC now owns 64,190 shares of the construction company’s stock worth $678,000 after purchasing an additional 10,833 shares during the last quarter. Institutional investors own 44.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSTE. StockNews.com cut shares of Caesarstone from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Benchmark reduced their target price on shares of Caesarstone to $12.00 in a report on Tuesday, August 9th.

Caesarstone Stock Performance

Shares of CSTE stock opened at $6.77 on Wednesday. The stock has a market cap of $233.38 million, a P/E ratio of 18.30 and a beta of 0.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.27 and a quick ratio of 0.98. The company has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $9.31. Caesarstone Ltd. has a one year low of $6.70 and a one year high of $12.82.

About Caesarstone

(Get Rating)

Caesarstone Ltd., together with its subsidiaries, develops, manufactures, and markets engineered quartz and other surfaces under the Caesarstone brand in the United States, Australia, Canada, Latin America, Asia, Israel, Europe, the Middle East, and Africa. The company's engineered quartz slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling construction end markets.

See Also

Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

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