Caesarstone (NASDAQ:CSTE) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Caesarstone (NASDAQ:CSTE) in a research note issued on Saturday. The brokerage set a “hold” rating on the construction company’s stock.

Caesarstone Stock Down 2.2 %

Shares of CSTE opened at $3.97 on Friday. The firm has a market cap of $137.08 million, a PE ratio of -1.98 and a beta of 0.17. The company’s fifty day moving average is $4.39 and its two-hundred day moving average is $4.48. Caesarstone has a fifty-two week low of $3.76 and a fifty-two week high of $6.81.

Hedge Funds Weigh In On Caesarstone

A number of hedge funds have recently made changes to their positions in CSTE. Northern Trust Corp lifted its holdings in shares of Caesarstone by 100.6% during the 4th quarter. Northern Trust Corp now owns 287,067 shares of the construction company’s stock valued at $1,220,000 after acquiring an additional 143,963 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Caesarstone during the 4th quarter valued at $46,000. RBF Capital LLC lifted its holdings in shares of Caesarstone by 3.8% during the 4th quarter. RBF Capital LLC now owns 388,107 shares of the construction company’s stock valued at $1,658,000 after acquiring an additional 14,214 shares in the last quarter. Barclays PLC lifted its holdings in shares of Caesarstone by 8.4% during the 4th quarter. Barclays PLC now owns 47,077 shares of the construction company’s stock valued at $199,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Caesarstone by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock valued at $52,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors and hedge funds own 33.70% of the company’s stock.

Caesarstone Company Profile

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.