Dimensional Fund Advisors LP Has $20.37 Million Stake in Companhia Siderúrgica Nacional (NYSE:SID)

Dimensional Fund Advisors LP reduced its holdings in Companhia Siderúrgica Nacional (NYSE:SIDFree Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,179,089 shares of the basic materials company’s stock after selling 132,642 shares during the period. Dimensional Fund Advisors LP’s holdings in Companhia Siderúrgica Nacional were worth $20,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Companhia Siderúrgica Nacional by 41.9% in the fourth quarter. Van ECK Associates Corp now owns 1,703,380 shares of the basic materials company’s stock valued at $6,694,000 after acquiring an additional 502,993 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Companhia Siderúrgica Nacional by 50.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 450,000 shares of the basic materials company’s stock worth $1,076,000 after purchasing an additional 150,000 shares in the last quarter. TCG Advisory Services LLC acquired a new stake in shares of Companhia Siderúrgica Nacional in the 4th quarter valued at approximately $623,000. Quantbot Technologies LP bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter valued at $145,000. Finally, First Trust Direct Indexing L.P. increased its holdings in Companhia Siderúrgica Nacional by 35.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 40,364 shares of the basic materials company’s stock worth $159,000 after buying an additional 10,467 shares during the last quarter.

Companhia Siderúrgica Nacional Stock Down 2.5 %

Shares of SID opened at $2.37 on Wednesday. The company’s 50-day moving average is $2.79 and its 200-day moving average is $3.25. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.32 and a quick ratio of 0.94. Companhia Siderúrgica Nacional has a fifty-two week low of $2.11 and a fifty-two week high of $4.03.

Companhia Siderúrgica Nacional (NYSE:SIDGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.19). Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.15%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities research analysts anticipate that Companhia Siderúrgica Nacional will post 0.17 EPS for the current year.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently declared a — dividend, which was paid on Wednesday, May 22nd. Investors of record on Friday, January 1st were paid a $0.1395 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a yield of 16.6%. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is presently 311.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Itau BBA Securities reissued an “underperform” rating and issued a $3.00 price objective on shares of Companhia Siderúrgica Nacional in a research report on Thursday, April 4th. StockNews.com cut Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Bank of America lowered Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $3.90 to $2.90 in a research note on Tuesday, April 9th.

Check Out Our Latest Report on SID

Companhia Siderúrgica Nacional Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Companhia Siderúrgica Nacional (NYSE:SID)

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