Millennium Management LLC Has $516,000 Stock Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Millennium Management LLC lessened its position in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358,114 shares of the basic materials company’s stock after selling 119,404 shares during the quarter. Millennium Management LLC’s holdings in Companhia Siderúrgica Nacional were worth $516,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Companhia Siderúrgica Nacional during the fourth quarter worth about $35,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Companhia Siderúrgica Nacional by 41.3% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after buying an additional 9,314 shares in the last quarter. Savvy Advisors Inc. grew its holdings in shares of Companhia Siderúrgica Nacional by 56.1% during the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock worth $52,000 after buying an additional 12,987 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Companhia Siderúrgica Nacional during the fourth quarter worth about $55,000. Finally, Headlands Technologies LLC grew its holdings in shares of 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 in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on SID. UBS Group began coverage on Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They set a “sell” rating and a $1.30 target price for the company. Wall Street Zen raised Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Friday, May 16th.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE SID opened at $1.49 on Monday. Companhia Siderúrgica Nacional has a fifty-two week low of $1.27 and a fifty-two week high of $2.50. The business has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.59. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The stock has a market capitalization of $1.97 billion, a PE ratio of -9.90 and a beta of 1.70.

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

Companhia Siderúrgica Nacional 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.