Northern Trust Corp Buys 1,514,727 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Northern Trust Corp increased its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 2,160.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,584,832 shares of the basic materials company's stock after acquiring an additional 1,514,727 shares during the quarter. Northern Trust Corp owned approximately 0.12% of Companhia Siderúrgica Nacional worth $2,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Companhia Siderúrgica Nacional by 48,194.9% during the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company's stock worth $1,056,000 after buying an additional 440,983 shares during the last quarter. American Century Companies Inc. increased its position in shares of Companhia Siderúrgica Nacional by 4.2% during the fourth quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company's stock worth $3,130,000 after acquiring an additional 87,403 shares in the last quarter. Invesco Ltd. increased its position in shares of Companhia Siderúrgica Nacional by 31.1% during the fourth quarter. Invesco Ltd. now owns 269,342 shares of the basic materials company's stock worth $388,000 after acquiring an additional 63,880 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Companhia Siderúrgica Nacional by 2,305.2% in the 4th quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company's stock worth $71,000 after acquiring an additional 47,280 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Companhia Siderúrgica Nacional by 3,395.0% in the 4th quarter. Headlands Technologies LLC now owns 44,351 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 43,082 shares in the last quarter.

Companhia Siderúrgica Nacional Stock Down 4.2%

Shares of NYSE SID traded down $0.07 during trading on Friday, hitting $1.49. The stock had a trading volume of 659,796 shares, compared to its average volume of 2,232,641. The firm has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.61. The company has a market capitalization of $1.97 billion, a PE ratio of -9.90 and a beta of 1.83. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. Companhia Siderúrgica Nacional has a 12 month low of $1.27 and a 12 month high of $2.56.

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

Analyst Ratings Changes

A number of brokerages have commented on SID. UBS Group began 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. Wall Street Zen upgraded Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

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.