Point72 Asset Management L.P. Lowers Stock Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Point72 Asset Management L.P. trimmed its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 68.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,289 shares of the basic materials company's stock after selling 206,709 shares during the period. Point72 Asset Management L.P.'s holdings in Companhia Siderúrgica Nacional were worth $136,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SID. JPMorgan Chase & Co. raised its stake in Companhia Siderúrgica Nacional by 48,194.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company's stock valued at $1,056,000 after purchasing an additional 440,983 shares during the last quarter. Blue Trust Inc. raised its position 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 buying an additional 47,280 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Companhia Siderúrgica Nacional in the fourth quarter worth about $35,000. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Companhia Siderúrgica Nacional by 41.3% in 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 in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Companhia Siderúrgica Nacional by 256.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company's stock worth $81,000 after acquiring an additional 40,511 shares during the last quarter.

Companhia Siderúrgica Nacional Trading Down 4.2%

Shares of Companhia Siderúrgica Nacional stock traded down $0.07 during mid-day trading on Friday, hitting $1.49. The stock had a trading volume of 1,340,601 shares, compared to its average volume of 2,235,589. The firm has a 50-day moving average of $1.59 and a two-hundred day moving average of $1.61. 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 firm has a market cap of $1.97 billion, a P/E ratio of -9.89 and a beta of 1.83. 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 issued its quarterly earnings data 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 firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. Sell-side analysts forecast that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SID. UBS Group assumed coverage on shares of Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They issued a "sell" rating and a $1.30 target price on the stock. Wall Street Zen upgraded Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

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.