First Trust Direct Indexing L.P. Purchases 10,467 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

First Trust Direct Indexing L.P. raised its position in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 35.0% in the fourth quarter, Holdings Channel reports. The firm owned 40,364 shares of the basic materials company’s stock after acquiring an additional 10,467 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Companhia Siderúrgica Nacional were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its stake in Companhia Siderúrgica Nacional by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 1,703,380 shares of the basic materials company’s stock valued at $6,694,000 after purchasing an additional 502,993 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Companhia Siderúrgica Nacional in the fourth quarter worth approximately $54,000. Lindbrook Capital LLC grew its stake in shares of Companhia Siderúrgica Nacional by 42.7% in the fourth quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 2,956 shares during the period. Cerity Partners LLC grew its stake in shares of Companhia Siderúrgica Nacional by 47.8% in the fourth quarter. Cerity Partners LLC now owns 39,995 shares of the basic materials company’s stock worth $157,000 after acquiring an additional 12,933 shares during the period. Finally, First Affirmative Financial Network bought a new stake in shares of Companhia Siderúrgica Nacional in the fourth quarter worth approximately $54,000.

Analyst Ratings Changes

A number of brokerages have recently commented on SID. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Bank of America lowered shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $3.90 to $2.90 in a research note on Tuesday, April 9th. Finally, Itau BBA Securities reiterated an “underperform” rating and issued a $3.00 price target on shares of Companhia Siderúrgica Nacional in a research note on Thursday, April 4th.

Companhia Siderúrgica Nacional Stock Down 0.9 %

Shares of SID stock opened at $2.75 on Thursday. Companhia Siderúrgica Nacional has a 12 month low of $2.11 and a 12 month high of $4.03. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 1.89. The company has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $3.22.

Companhia Siderúrgica Nacional (NYSE:SID) last posted its quarterly earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $2.42 billion during the quarter. Companhia Siderúrgica Nacional had a return on equity of 1.69% and a net margin of 0.76%. On average, analysts expect that Companhia Siderúrgica Nacional will post 0.12 EPS for the current fiscal year.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.