State Street Corp Sells 105,649 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

State Street Corp lowered its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 6.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,621,319 shares of the basic materials company’s stock after selling 105,649 shares during the quarter. State Street Corp’s holdings in Companhia Siderúrgica Nacional were worth $4,055,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 51.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock worth $4,435,000 after purchasing an additional 656,983 shares in the last quarter. American Century Companies Inc. lifted its position in Companhia Siderúrgica Nacional by 14.7% during the second 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 during the period. Van ECK Associates Corp grew its stake in Companhia Siderúrgica Nacional by 17.3% during the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after buying an additional 271,176 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Companhia Siderúrgica Nacional in the 3rd quarter valued at about $3,824,000. Finally, The Manufacturers Life Insurance Company bought a new position in Companhia Siderúrgica Nacional in the 3rd quarter valued at about $3,585,000.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Price Performance

Shares of SID stock opened at $1.45 on Tuesday. The business has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $2.11. The company has a market cap of $2.01 billion, a P/E ratio of -48.32 and a beta of 2.12. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. Companhia Siderúrgica Nacional has a twelve month low of $1.41 and a twelve month high of $3.99.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s payout ratio is currently -146.67%.

Companhia Siderúrgica Nacional Profile

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.