Barclays PLC Acquires 20,271 Shares of Caesarstone Ltd. (NASDAQ:CSTE)

Barclays PLC raised its holdings in Caesarstone Ltd. (NASDAQ:CSTE) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,445 shares of the construction company’s stock after purchasing an additional 20,271 shares during the quarter. Barclays PLC’s holdings in Caesarstone were worth $198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CSTE. Empowered Funds LLC acquired a new stake in Caesarstone in the third quarter valued at about $164,000. State Street Corp lifted its holdings in shares of Caesarstone by 1.6% in the third quarter. State Street Corp now owns 163,335 shares of the construction company’s stock worth $745,000 after acquiring an additional 2,640 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Caesarstone by 1,206.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock valued at $213,000 after purchasing an additional 43,129 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Caesarstone during the 2nd quarter valued at approximately $293,000. Finally, Rhumbline Advisers bought a new stake in shares of Caesarstone during the 2nd quarter valued at approximately $107,000. Institutional investors own 33.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Caesarstone from a “hold” rating to a “buy” rating in a research report on Saturday.

Caesarstone Stock Down 2.3 %

Shares of CSTE stock opened at $4.30 on Tuesday. Caesarstone Ltd. has a twelve month low of $3.76 and a twelve month high of $6.81. The stock’s fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.72. The firm has a market capitalization of $148.49 million, a P/E ratio of -2.14 and a beta of 0.18.

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.