Renaissance Technologies LLC Reduces Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Renaissance Technologies LLC trimmed its position in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,070,000 shares of the basic materials company's stock after selling 277,913 shares during the quarter. Renaissance Technologies LLC owned 0.08% of Companhia Siderúrgica Nacional worth $1,541,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Companhia Siderúrgica Nacional in the fourth quarter valued at approximately $35,000. Pinnacle Wealth Planning Services Inc. boosted its position in Companhia Siderúrgica Nacional by 41.3% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock valued at $46,000 after buying an additional 9,314 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Companhia Siderúrgica Nacional in the fourth quarter worth $55,000. Headlands Technologies LLC increased its position in shares of Companhia Siderúrgica Nacional by 3,395.0% during the fourth quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company's stock worth $64,000 after acquiring an additional 43,082 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Companhia Siderúrgica Nacional by 2,305.2% in the fourth quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 47,280 shares in the last quarter.

Companhia Siderúrgica Nacional Stock Up 1.5 %

Shares of Companhia Siderúrgica Nacional stock traded up $0.03 during trading on Friday, hitting $1.70. 1,339,817 shares of the stock were exchanged, compared to its average volume of 2,068,630. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The firm's 50-day moving average price is $1.58 and its 200 day moving average price is $1.67. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -11.37 and a beta of 1.82. Companhia Siderúrgica Nacional has a 12-month low of $1.27 and a 12-month high of $2.86.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. As a group, analysts forecast that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SID. StockNews.com upgraded Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a report on Tuesday. UBS Group started coverage on shares of Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They issued a "sell" rating and a $1.30 target price on the stock.

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 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.