Two Sigma Investments LP Has $299,000 Position in Companhia Siderúrgica Nacional (NYSE:SID)

Two Sigma Investments LP lessened its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 207,617 shares of the basic materials company's stock after selling 535,677 shares during the quarter. Two Sigma Investments LP's holdings in Companhia Siderúrgica Nacional were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of Companhia Siderúrgica Nacional by 4.2% during the 4th quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company's stock worth $3,130,000 after buying an additional 87,403 shares during the last quarter. Northern Trust Corp raised its position in shares of Companhia Siderúrgica Nacional by 2,160.7% in the 4th quarter. Northern Trust Corp now owns 1,584,832 shares of the basic materials company's stock valued at $2,282,000 after buying an additional 1,514,727 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Companhia Siderúrgica Nacional by 70.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,053,204 shares of the basic materials company's stock valued at $1,517,000 after buying an additional 436,157 shares in the last quarter. Invesco Ltd. raised its position in shares of Companhia Siderúrgica Nacional by 31.1% in the 4th quarter. Invesco Ltd. now owns 269,342 shares of the basic materials company's stock valued at $388,000 after buying an additional 63,880 shares in the last quarter. Finally, Graham Capital Management L.P. raised its position in shares of Companhia Siderúrgica Nacional by 42.1% in the 4th quarter. Graham Capital Management L.P. now owns 99,374 shares of the basic materials company's stock valued at $143,000 after buying an additional 29,464 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SID. UBS Group started coverage on shares of Companhia Siderúrgica Nacional in a report on Wednesday, March 12th. They set a "sell" rating and a $1.30 price target on the stock. Wall Street Zen raised shares of Companhia Siderúrgica Nacional from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

Companhia Siderúrgica Nacional Trading Down 4.0%

SID traded down $0.06 during trading on Friday, reaching $1.45. 2,935,014 shares of the company's stock were exchanged, compared to its average volume of 2,299,673. The stock has a market capitalization of $1.92 billion, a PE ratio of -9.67 and a beta of 1.70. Companhia Siderúrgica Nacional has a one year low of $1.27 and a one year high of $2.50. 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 firm has a fifty day moving average price of $1.57 and a two-hundred day moving average price of $1.57.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last issued its quarterly 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 firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. As a group, equities research analysts forecast that Companhia Siderúrgica Nacional will post -0.02 earnings per share for the current fiscal year.

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.