XTX Topco Ltd Acquires 278,828 Shares of National Steel Company (NYSE:SID)

XTX Topco Ltd lifted its holdings in National Steel Company (NYSE:SID - Free Report) by 1,323.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,898 shares of the basic materials company's stock after acquiring an additional 278,828 shares during the period. XTX Topco Ltd's holdings in National Steel were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SID. Inspire Advisors LLC raised its position in National Steel by 36.8% in the 1st quarter. Inspire Advisors LLC now owns 91,555 shares of the basic materials company's stock worth $153,000 after purchasing an additional 24,642 shares during the period. Kapitalo Investimentos Ltda raised its position in National Steel by 1,530.8% in the 1st quarter. Kapitalo Investimentos Ltda now owns 25,979 shares of the basic materials company's stock worth $43,000 after purchasing an additional 24,386 shares during the period. First Affirmative Financial Network raised its position in National Steel by 56.7% in the 1st quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company's stock worth $51,000 after purchasing an additional 11,098 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in National Steel by 41.3% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock worth $46,000 after purchasing an additional 9,314 shares during the period. Finally, Graham Capital Management L.P. raised its position in National Steel by 42.1% in the 4th quarter. Graham Capital Management L.P. now owns 99,374 shares of the basic materials company's stock worth $143,000 after purchasing an additional 29,464 shares during the period.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of National Steel from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.

National Steel Stock Performance

Shares of NYSE:SID opened at $1.37 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of -4.71 and a beta of 1.64. The firm's 50 day simple moving average is $1.47 and its 200-day simple moving average is $1.54. National Steel Company has a one year low of $1.27 and a one year high of $2.50. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.18 and a current ratio of 1.35.

National Steel (NYSE:SID - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.09). The company had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $10.98 billion. National Steel had a negative return on equity of 13.90% and a negative net margin of 5.06%. As a group, equities analysts predict that National Steel Company will post -0.02 EPS for the current year.

About National Steel

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.

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