BNP Paribas Financial Markets Purchases 436,157 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

BNP Paribas Financial Markets boosted its position in Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 70.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,053,204 shares of the basic materials company's stock after acquiring an additional 436,157 shares during the period. BNP Paribas Financial Markets owned 0.08% of Companhia Siderúrgica Nacional worth $1,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SID. SBI Securities Co. Ltd. bought a new stake in shares of Companhia Siderúrgica Nacional during the fourth quarter valued at about $35,000. Pinnacle Wealth Planning Services Inc. increased its position 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 valued at $46,000 after buying an additional 9,314 shares during the period. Savvy Advisors Inc. increased its position in shares of Companhia Siderúrgica Nacional by 56.1% during the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company's stock valued at $52,000 after buying an additional 12,987 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Companhia Siderúrgica Nacional during the fourth quarter valued at about $55,000. Finally, 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 valued at $64,000 after buying an additional 43,082 shares during the period.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE SID traded up $0.02 during midday trading on Friday, hitting $1.59. 5,036,191 shares of the company's stock were exchanged, compared to its average volume of 2,212,300. Companhia Siderúrgica Nacional has a 12-month low of $1.27 and a 12-month high of $2.64. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -10.57 and a beta of 1.83. The business's fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.62.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. As a group, research analysts forecast that Companhia Siderúrgica Nacional will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SID has been the subject of several recent analyst reports. Wall Street Zen raised Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a report on Friday, May 16th. UBS Group initiated coverage on Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They set a "sell" rating and a $1.30 price objective for the company.

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.