Two Sigma Investments LP Sells 20,986 Shares of Caesarstone Ltd. (NASDAQ:CSTE)

Two Sigma Investments LP lowered its holdings in Caesarstone Ltd. (NASDAQ:CSTE) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,879 shares of the construction company’s stock after selling 20,986 shares during the period. Two Sigma Investments LP owned about 0.07% of Caesarstone worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in Caesarstone by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock worth $52,000 after purchasing an additional 2,647 shares in the last quarter. Barclays PLC raised its position in shares of Caesarstone by 8.4% in the 4th quarter. Barclays PLC now owns 47,077 shares of the construction company’s stock valued at $199,000 after buying an additional 3,632 shares in the last quarter. Bank of America Corp DE raised its position in shares of Caesarstone by 18.0% in the 4th quarter. Bank of America Corp DE now owns 36,858 shares of the construction company’s stock valued at $157,000 after buying an additional 5,618 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Caesarstone in the 4th quarter valued at approximately $46,000. Finally, RBF Capital LLC grew its holdings in shares of Caesarstone by 3.8% during the 4th quarter. RBF Capital LLC now owns 388,107 shares of the construction company’s stock valued at $1,658,000 after purchasing an additional 14,214 shares during the last quarter. Institutional investors own 33.70% of the company’s stock.

Caesarstone Stock Performance

Shares of NASDAQ CSTE opened at $1.74 on Friday. Caesarstone Ltd. has a 52-week low of $1.62 and a 52-week high of $6.54. The firm has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $3.35. The stock has a market cap of $60.12 million, a P/E ratio of -0.87 and a beta of 0.18.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started 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.