UBS Group initiated coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID – Free Report) in a research report report published on Wednesday,Benzinga reports. The brokerage issued a sell rating and a $1.30 target price on the basic materials company’s stock.
Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.
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Companhia Siderúrgica Nacional Price Performance
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Companhia Siderúrgica Nacional by 4.2% in the 4th quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company’s stock valued at $3,130,000 after buying an additional 87,403 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at $3,824,000. Northern Trust Corp boosted its holdings in shares of Companhia Siderúrgica Nacional by 2,160.7% in the 4th quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company’s stock valued at $2,282,000 after buying an additional 1,514,727 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at $3,585,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Companhia Siderúrgica Nacional by 70.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,053,204 shares of the basic materials company’s stock valued at $1,517,000 after buying an additional 436,157 shares in the last quarter.
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.
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