Two Sigma Investments LP Sells 535,677 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Two Sigma Investments LP lowered its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,617 shares of the basic materials company’s stock after selling 535,677 shares during the period. Two Sigma Investments LP’s holdings in Companhia Siderúrgica Nacional were worth $299,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Companhia Siderúrgica Nacional in the 4th quarter valued at approximately $35,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 9,314 shares during the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Companhia Siderúrgica Nacional by 56.1% during the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 12,987 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Companhia Siderúrgica Nacional in the fourth quarter worth $55,000. Finally, Headlands Technologies LLC lifted its stake in Companhia Siderúrgica Nacional by 3,395.0% in the fourth quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 43,082 shares during the last quarter.

Companhia Siderúrgica Nacional Price Performance

Shares of SID opened at $1.57 on Wednesday. The stock has a market cap of $2.08 billion, a PE ratio of -10.43 and a beta of 1.70. 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 $2.50. The firm’s 50-day simple moving average is $1.56 and its two-hundred day simple moving average is $1.58.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $2.06 billion for 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%. Analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.