Millennium Management LLC Has $163,000 Stock Holdings in Caesarstone Ltd. (NASDAQ:CSTE)

Millennium Management LLC lowered its stake in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 61.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,295 shares of the construction company’s stock after selling 60,365 shares during the period. Millennium Management LLC owned about 0.11% of Caesarstone worth $163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CSTE. Two Sigma Securities LLC acquired a new stake in Caesarstone during the fourth quarter valued at $46,000. Wells Fargo & Company MN increased its holdings in Caesarstone by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock worth $52,000 after buying an additional 2,647 shares during the last quarter. Bank of America Corp DE raised its position in Caesarstone by 18.0% during the fourth quarter. Bank of America Corp DE now owns 36,858 shares of the construction company’s stock valued at $157,000 after acquiring an additional 5,618 shares in the last quarter. Barclays PLC raised its position in Caesarstone by 8.4% during the fourth quarter. Barclays PLC now owns 47,077 shares of the construction company’s stock valued at $199,000 after acquiring an additional 3,632 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Caesarstone by 98.8% in the fourth quarter. JPMorgan Chase & Co. now owns 81,088 shares of the construction company’s stock valued at $345,000 after acquiring an additional 40,291 shares during the last quarter. 33.70% of the stock is currently owned by hedge funds and other institutional investors.

Caesarstone Price Performance

Shares of NASDAQ:CSTE opened at $1.74 on Friday. The stock has a market capitalization of $60.12 million, a P/E ratio of -0.87 and a beta of 0.18. The business has a 50-day moving average of $2.32 and a two-hundred day moving average of $3.37. Caesarstone Ltd. has a fifty-two week low of $1.67 and a fifty-two week high of $6.54.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Caesarstone in a report on Tuesday, March 11th. They set a “hold” rating on the stock.

Caesarstone Company Profile

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company’s engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.