We Are One Seven LLC Takes Position in Companhia Siderurgica Nacional (NYSE:SID)

We Are One Seven LLC acquired a new stake in shares of Companhia Siderurgica Nacional (NYSE:SID) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,092 shares of the basic materials company’s stock, valued at approximately $65,000.

Several other institutional investors have also recently modified their holdings of SID. Dorsey Wright & Associates purchased a new position in shares of Companhia Siderurgica Nacional during the first quarter valued at about $4,405,000. Acadian Asset Management LLC grew its position in Companhia Siderurgica Nacional by 1,220.5% in the first quarter. Acadian Asset Management LLC now owns 958,997 shares of the basic materials company’s stock worth $3,941,000 after acquiring an additional 886,375 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Companhia Siderurgica Nacional in the first quarter worth about $2,706,000. SPX Equities Gestao de Recursos Ltda purchased a new position in Companhia Siderurgica Nacional in the second quarter worth about $2,354,000. Finally, Deutsche Bank AG grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Several research firms recently commented on SID. ValuEngine lowered Companhia Siderurgica Nacional from a “sell” rating to a “strong sell” rating in a research report on Thursday. Goldman Sachs Group upgraded Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research report on Sunday, April 14th. Zacks Investment Research lowered Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Morgan Stanley lowered Companhia Siderurgica Nacional from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 11th. Finally, TheStreet upgraded Companhia Siderurgica Nacional from a “c” rating to a “b-” rating in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.75.

Shares of NYSE:SID traded down $0.10 during trading hours on Friday, hitting $4.05. 73,664 shares of the company’s stock traded hands, compared to its average volume of 2,507,444. Companhia Siderurgica Nacional has a 1 year low of $1.93 and a 1 year high of $4.71. The firm has a fifty day simple moving average of $4.37. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 4.27 and a beta of 1.69. The company has a quick ratio of 0.68, a current ratio of 1.14 and a debt-to-equity ratio of 2.23.

Companhia Siderurgica Nacional Profile

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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