BNP Paribas Financial Markets Buys 436,157 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

BNP Paribas Financial Markets raised its stake in Companhia Siderúrgica Nacional (NYSE:SID) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,053,204 shares of the basic materials company’s stock after acquiring an additional 436,157 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Companhia Siderúrgica Nacional worth $1,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its holdings in Companhia Siderúrgica Nacional by 2,160.7% in the 4th quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company’s stock valued at $2,282,000 after buying an additional 1,514,727 shares during the last quarter. Virtus ETF Advisers LLC raised its holdings in Companhia Siderúrgica Nacional by 23.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock valued at $122,000 after buying an additional 16,414 shares during the last quarter. Savvy Advisors Inc. raised its holdings in Companhia Siderúrgica Nacional by 56.1% in the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock valued at $52,000 after buying an additional 12,987 shares during the last quarter. Invesco Ltd. raised its holdings in Companhia Siderúrgica Nacional by 31.1% in the 4th quarter. Invesco Ltd. now owns 269,342 shares of the basic materials company’s stock valued at $388,000 after buying an additional 63,880 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in Companhia Siderúrgica Nacional by 3,395.0% in the 4th quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company’s stock valued at $64,000 after buying an additional 43,082 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SID shares. UBS Group started coverage on shares of Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price objective for the company. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Friday.

Companhia Siderúrgica Nacional Stock Performance

NYSE:SID opened at $1.63 on Monday. The company has a market capitalization of $2.15 billion, a PE ratio of -10.83 and a beta of 1.83. The company has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.64. 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 fifty-two week low of $1.27 and a fifty-two week high of $2.85.

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, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. Research analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current 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 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.