Caesarstone Ltd. $CSTE Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,766 shares of the construction company’s stock after acquiring an additional 9,403 shares during the period. Charles Schwab Investment Management Inc. owned about 0.17% of Caesarstone worth $140,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CSTE. Wells Fargo & Company MN grew its stake in shares of Caesarstone by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock valued at $52,000 after buying an additional 2,647 shares during the period. Barclays PLC boosted its position in 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 during the last quarter. Bank of America Corp DE boosted its position in 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 during the last quarter. Finally, Northern Trust Corp boosted its position in Caesarstone by 100.6% in the 4th quarter. Northern Trust Corp now owns 287,067 shares of the construction company’s stock valued at $1,220,000 after buying an additional 143,963 shares during the last quarter. 33.70% of the stock is currently owned by institutional investors and hedge funds.

Caesarstone Stock Performance

Shares of CSTE stock opened at $1.39 on Friday. Caesarstone Ltd. has a one year low of $1.35 and a one year high of $5.04. The company’s 50-day simple moving average is $1.69 and its 200-day simple moving average is $2.27. The stock has a market capitalization of $48.02 million, a price-to-earnings ratio of -0.85 and a beta of 0.23.

About Caesarstone

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.