Walleye Capital LLC Lowers Position in Caesarstone Ltd. (NASDAQ:CSTE)

Walleye Capital LLC cut its holdings in Caesarstone Ltd. (NASDAQ:CSTE) by 57.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,610 shares of the construction company’s stock after selling 15,534 shares during the quarter. Walleye Capital LLC’s holdings in Caesarstone were worth $53,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. lifted its position in shares of Caesarstone by 1.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company’s stock valued at $13,768,000 after buying an additional 48,200 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Caesarstone during the second quarter valued at about $293,000. BNP Paribas Financial Markets lifted its position in shares of Caesarstone by 1,206.4% during the third quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock valued at $213,000 after buying an additional 43,129 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Caesarstone during the third quarter valued at about $164,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Caesarstone during the second quarter valued at about $106,000. 33.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Caesarstone from a “buy” rating to a “hold” rating in a research report on Monday, November 25th.

Caesarstone Price Performance

Shares of NASDAQ CSTE opened at $5.00 on Friday. The stock has a market capitalization of $172.66 million, a price-to-earnings ratio of -2.49 and a beta of 0.17. Caesarstone Ltd. has a 12 month low of $3.50 and a 12 month high of $6.81. The firm’s 50 day simple moving average is $4.35 and its 200-day simple moving average is $4.86.

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.