Essex Investment Management Co. LLC decreased its holdings in Caesarstone Ltd. (NASDAQ:CSTE - Free Report) by 66.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 113,320 shares of the construction company's stock after selling 219,799 shares during the period. Essex Investment Management Co. LLC owned approximately 0.33% of Caesarstone worth $275,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CSTE. Northern Trust Corp lifted its position in Caesarstone by 100.6% during the 4th quarter. Northern Trust Corp now owns 287,067 shares of the construction company's stock worth $1,220,000 after acquiring an additional 143,963 shares in the last quarter. Bank of America Corp DE lifted its position in Caesarstone by 18.0% during the 4th quarter. Bank of America Corp DE now owns 36,858 shares of the construction company's stock worth $157,000 after acquiring an additional 5,618 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Caesarstone by 98.8% during the 4th quarter. JPMorgan Chase & Co. now owns 81,088 shares of the construction company's stock worth $345,000 after acquiring an additional 40,291 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Caesarstone during the 4th quarter worth approximately $46,000. Finally, RBF Capital LLC lifted its position in Caesarstone by 3.8% during the 4th quarter. RBF Capital LLC now owns 388,107 shares of the construction company's stock worth $1,658,000 after acquiring an additional 14,214 shares in the last quarter. Hedge funds and other institutional investors own 33.70% of the company's stock.
Caesarstone Price Performance
Caesarstone stock traded up $0.14 during midday trading on Wednesday, hitting $1.94. 302,192 shares of the company were exchanged, compared to its average volume of 50,045. The company's fifty day moving average price is $1.86 and its 200-day moving average price is $2.76. The company has a market cap of $67.03 million, a PE ratio of -1.43 and a beta of 0.22. Caesarstone Ltd. has a fifty-two week low of $1.62 and a fifty-two week high of $6.54.
Caesarstone Profile
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Free Report)
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company's engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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