Parallel Advisors LLC Sells 4,429 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Parallel Advisors LLC lessened its holdings in shares of Companhia Siderúrgica Nacional (NYSE:SIDFree Report) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,897 shares of the basic materials company’s stock after selling 4,429 shares during the quarter. Parallel Advisors LLC’s holdings in Companhia Siderúrgica Nacional were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of 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 worth $6,694,000 after acquiring an additional 502,993 shares during the period. TCG Advisory Services LLC purchased a new stake in Companhia Siderúrgica Nacional in the fourth quarter worth $623,000. Quantbot Technologies LP bought a new position in Companhia Siderúrgica Nacional in the third quarter worth $145,000. First Affirmative Financial Network purchased a new position in Companhia Siderúrgica Nacional during the fourth quarter valued at $54,000. Finally, Headlands Technologies LLC bought a new stake in shares of Companhia Siderúrgica Nacional during the 4th quarter valued at $54,000.

Companhia Siderúrgica Nacional Stock Down 3.5 %

NYSE:SID opened at $2.34 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.94 and a current ratio of 1.32. The firm has a market cap of $3.24 billion, a P/E ratio of 25.94, a P/E/G ratio of 0.48 and a beta of 2.14. Companhia Siderúrgica Nacional has a fifty-two week low of $2.11 and a fifty-two week high of $4.03. The firm has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $3.23.

Companhia Siderúrgica Nacional (NYSE:SIDGet Free Report) last announced 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). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.10 billion. Companhia Siderúrgica Nacional had a net margin of 1.45% and a return on equity of 3.15%. Analysts predict that Companhia Siderúrgica Nacional will post 0.18 earnings per share for the current fiscal year.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently declared a — dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were issued a dividend of $0.1395 per share. This represents a dividend yield of 16.6%. The ex-dividend date of this dividend was Wednesday, May 22nd. Companhia Siderúrgica Nacional’s payout ratio is currently 288.89%.

Analyst Ratings Changes

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

Read Our Latest Report on Companhia Siderúrgica Nacional

About Companhia Siderúrgica Nacional

(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.

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

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