First Trust Direct Indexing L.P. Has $46,000 Position in Companhia Siderúrgica Nacional (NYSE:SID)

First Trust Direct Indexing L.P. reduced its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 42.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,349 shares of the basic materials company’s stock after selling 14,313 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Companhia Siderúrgica Nacional were worth $46,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Inspire Investing LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $28,000. Sivia Capital Partners LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at approximately $30,000. Wealthstream Advisors Inc. acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $36,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the 2nd quarter valued at approximately $38,000.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Trading Down 1.6 %

NYSE SID opened at $2.12 on Thursday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -70.50 and a beta of 2.16. The stock’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.31. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.89 and a current ratio of 1.29. Companhia Siderúrgica Nacional has a 52 week low of $1.89 and a 52 week high of $4.03.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its quarterly earnings data on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, analysts anticipate that Companhia Siderúrgica Nacional will post 0.31 earnings per share 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.