Invesco Ltd. Increases Stock Position in Companhia Siderúrgica Nacional (NYSE:SID)

Invesco Ltd. increased its position in Companhia Siderúrgica Nacional (NYSE:SID) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 269,342 shares of the basic materials company’s stock after buying an additional 63,880 shares during the quarter. Invesco Ltd.’s holdings in Companhia Siderúrgica Nacional were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Companhia Siderúrgica Nacional by 4.2% in the 4th quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company’s stock worth $3,130,000 after purchasing an additional 87,403 shares during the period. JPMorgan Chase & Co. increased its position in Companhia Siderúrgica Nacional by 48,194.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock worth $1,056,000 after purchasing an additional 440,983 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Companhia Siderúrgica Nacional by 256.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company’s stock valued at $81,000 after buying an additional 40,511 shares during the period. Blue Trust Inc. lifted its position in Companhia Siderúrgica Nacional by 2,305.2% during the fourth quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company’s stock valued at $71,000 after buying an additional 47,280 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Companhia Siderúrgica Nacional by 3,395.0% during the fourth quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company’s stock worth $64,000 after buying an additional 43,082 shares during the period.

Companhia Siderúrgica Nacional Stock Up 2.4 %

Shares of NYSE SID opened at $1.71 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. Companhia Siderúrgica Nacional has a 1 year low of $1.27 and a 1 year high of $2.86. The stock’s 50-day simple moving average is $1.58 and its 200-day simple moving average is $1.67. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -11.40 and a beta of 1.83.

Companhia Siderúrgica Nacional (NYSE:SID) last released its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. As a group, equities analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. UBS Group initiated coverage on Companhia Siderúrgica Nacional in a research report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 target price for the company.

About Companhia Siderúrgica Nacional

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.