Cubist Systematic Strategies LLC Sells 418,447 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Cubist Systematic Strategies LLC reduced its stake in Companhia Siderúrgica Nacional (NYSE:SID) by 35.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 771,497 shares of the basic materials company’s stock after selling 418,447 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Companhia Siderúrgica Nacional were worth $1,774,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SID. Barometer Capital Management Inc. bought a new stake in Companhia Siderúrgica Nacional in the 4th quarter valued at $121,000. Kapitalo Investimentos Ltda bought a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth about $114,000. BNP Paribas Financial Markets lifted its position in Companhia Siderúrgica Nacional by 880.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,051 shares of the basic materials company’s stock worth $216,000 after buying an additional 62,011 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Companhia Siderúrgica Nacional during the 1st quarter worth about $311,000. Finally, Virtu Financial LLC bought a new stake in Companhia Siderúrgica Nacional during the 1st quarter worth about $108,000.

Companhia Siderúrgica Nacional Trading Down 2.8 %

Shares of NYSE:SID opened at $2.39 on Tuesday. The company’s 50-day moving average price is $2.15 and its two-hundred day moving average price is $2.47. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.29 and a quick ratio of 0.89. Companhia Siderúrgica Nacional has a one year low of $1.89 and a one year high of $4.03. The stock has a market capitalization of $3.32 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 0.72 and a beta of 2.13.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. On average, equities analysts forecast that Companhia Siderúrgica Nacional will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Companhia Siderúrgica Nacional from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.