Dimensional Fund Advisors LP Lowers Stake in Companhia Siderúrgica Nacional (NYSE:SID)

Dimensional Fund Advisors LP cut its holdings in Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,160,777 shares of the basic materials company's stock after selling 207,768 shares during the quarter. Dimensional Fund Advisors LP owned about 0.31% of Companhia Siderúrgica Nacional worth $5,995,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Companhia Siderúrgica Nacional by 41.3% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock worth $46,000 after buying an additional 9,314 shares during the last quarter. Savvy Advisors Inc. lifted its position in Companhia Siderúrgica Nacional by 56.1% during the 4th quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company's stock worth $52,000 after acquiring an additional 12,987 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Companhia Siderúrgica Nacional during the 4th quarter worth approximately $35,000. EntryPoint Capital LLC purchased a new position in shares of Companhia Siderúrgica Nacional in the 4th quarter valued at approximately $55,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Companhia Siderúrgica Nacional by 256.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 40,511 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group assumed coverage on Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They set a "sell" rating and a $1.30 price target for the company. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a research report on Thursday.

Companhia Siderúrgica Nacional Trading Down 7.0%

NYSE SID opened at $1.60 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $2.12 billion, a P/E ratio of -10.67 and a beta of 1.83. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $2.85. The firm has a 50-day moving average price of $1.60 and a 200 day moving average price of $1.65.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last issued its 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. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. Equities research analysts expect that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

About Companhia Siderúrgica Nacional

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.

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