Companhia Siderúrgica Nacional (NYSE:SID) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC raised its stake in Companhia Siderúrgica Nacional (NYSE:SID) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,120 shares of the basic materials company’s stock after purchasing an additional 14,473 shares during the quarter. Inspire Advisors LLC’s holdings in Companhia Siderúrgica Nacional were worth $160,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Companhia Siderúrgica Nacional by 51.7% in the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock valued at $4,435,000 after acquiring an additional 656,983 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Companhia Siderúrgica Nacional by 17.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after purchasing an additional 271,176 shares during the period. American Century Companies Inc. increased its position in Companhia Siderúrgica Nacional by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after purchasing an additional 236,340 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Companhia Siderúrgica Nacional by 880.8% in the first quarter. BNP Paribas Financial Markets now owns 69,051 shares of the basic materials company’s stock valued at $216,000 after buying an additional 62,011 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Companhia Siderúrgica Nacional in the second quarter valued at approximately $38,000.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 10th.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE SID opened at $2.06 on Monday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.29 and a quick ratio of 0.89. Companhia Siderúrgica Nacional has a 1-year low of $1.89 and a 1-year high of $4.03. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 0.90 and a beta of 2.13. The business has a 50-day moving average of $2.19 and a 200-day moving average of $2.39.

Companhia Siderúrgica Nacional (NYSE:SID) last released its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.18. Companhia Siderúrgica Nacional had a negative return on equity of 0.79% and a negative net margin of 0.34%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, equities analysts anticipate that Companhia Siderúrgica Nacional will post 0.33 EPS for the current fiscal year.

About Companhia Siderúrgica Nacional

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.