Jane Street Group LLC Sells 247,617 Shares of Companhia Siderurgica Nacional (SID)

Jane Street Group LLC decreased its stake in Companhia Siderurgica Nacional (NYSE:SID) by 88.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,400 shares of the basic materials company’s stock after selling 247,617 shares during the quarter. Jane Street Group LLC’s holdings in Companhia Siderurgica Nacional were worth $73,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. boosted its holdings in shares of Companhia Siderurgica Nacional by 161.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 46,840 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 28,901 shares during the period. Marshall Wace LLP purchased a new position in shares of Companhia Siderurgica Nacional in the 3rd quarter worth approximately $128,000. Two Sigma Securities LLC bought a new stake in shares of Companhia Siderurgica Nacional during the 4th quarter worth approximately $127,000. Morgan Stanley lifted its stake in shares of Companhia Siderurgica Nacional by 459.5% during the 3rd quarter. Morgan Stanley now owns 1,560,624 shares of the basic materials company’s stock worth $3,558,000 after acquiring an additional 1,281,702 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Companhia Siderurgica Nacional by 100.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 144,800 shares of the basic materials company’s stock worth $317,000 after acquiring an additional 72,500 shares during the last quarter. Hedge funds and other institutional investors own 2.51% of the company’s stock.

Shares of NYSE SID opened at $3.88 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.05 and a debt-to-equity ratio of 2.31. Companhia Siderurgica Nacional has a twelve month low of $1.91 and a twelve month high of $4.60.

SID has been the subject of a number of research analyst reports. Zacks Investment Research lowered Companhia Siderurgica Nacional from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Standpoint Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Itau BBA Securities raised Companhia Siderurgica Nacional from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 21st. Goldman Sachs Group raised Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research note on Sunday, April 14th. Finally, BTIG Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Companhia Siderurgica Nacional presently has an average rating of “Buy” and a consensus target price of $4.75.

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Companhia Siderurgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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Institutional Ownership by Quarter for Companhia Siderurgica Nacional (NYSE:SID)

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