Dorsey Wright & Associates Acquires Shares of 1,071,824 Companhia Siderurgica Nacional (NYSE:SID)

Dorsey Wright & Associates acquired a new position in shares of Companhia Siderurgica Nacional (NYSE:SID) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,071,824 shares of the basic materials company’s stock, valued at approximately $4,405,000. Dorsey Wright & Associates owned 0.08% of Companhia Siderurgica Nacional as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in SID. Deutsche Bank AG grew its stake in shares of Companhia Siderurgica Nacional by 215.7% in the fourth quarter. Deutsche Bank AG now owns 392,589 shares of the basic materials company’s stock worth $859,000 after acquiring an additional 268,228 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Companhia Siderurgica Nacional in the fourth quarter worth about $43,000. D. E. Shaw & Co. Inc. raised its stake in shares of Companhia Siderurgica Nacional by 161.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 46,840 shares of the basic materials company’s stock worth $103,000 after buying an additional 28,901 shares during the period. Two Sigma Securities LLC bought a new position in shares of Companhia Siderurgica Nacional in the fourth quarter worth about $127,000. Finally, Two Sigma Advisers LP bought a new position in shares of Companhia Siderurgica Nacional in the fourth quarter worth about $107,000. 2.51% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday, April 11th. HSBC raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. BTIG Research raised Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research report on Wednesday, January 23rd. Standpoint Research downgraded Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Goldman Sachs Group upgraded Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research note on Sunday, April 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Companhia Siderurgica Nacional has an average rating of “Buy” and an average price target of $4.75.

NYSE SID opened at $3.71 on Friday. Companhia Siderurgica Nacional has a twelve month low of $1.91 and a twelve month high of $4.60. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.05 and a quick ratio of 0.61.

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About Companhia Siderurgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as 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 that consist 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.

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

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