Posted by admin on Jul 22nd, 2022

Parallel Advisors LLC lessened its holdings in shares of Companhia Siderúrgica Nacional (NYSE:SID – Get Rating) by 19.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,974 shares of the basic materials company’s stock after selling 4,030 shares during the quarter. Parallel Advisors LLC’s holdings in Companhia Siderúrgica Nacional were worth $94,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Companhia Siderúrgica Nacional by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,904,114 shares of the basic materials company’s stock worth $26,209,000 after purchasing an additional 730,767 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Companhia Siderúrgica Nacional by 131.4% during the 4th quarter. Pacer Advisors Inc. now owns 40,772 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 23,150 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter worth about $256,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter worth about $150,000. Finally, Donoghue Forlines LLC acquired a new position in shares of Companhia Siderúrgica Nacional during the 4th quarter worth about $430,000. Institutional investors and hedge funds own 2.49% of the company’s stock.

Several equities analysts have commented on SID shares. TheStreet cut Companhia Siderúrgica Nacional from a “b-” rating to a “c+” rating in a report on Monday, July 11th. StockNews.com cut Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th.

Companhia Siderúrgica Nacional stock opened at $2.65 on Friday. Companhia Siderúrgica Nacional has a 12 month low of $2.42 and a 12 month high of $9.59. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 2.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.89. The business has a 50 day moving average price of $3.49 and a two-hundred day moving average price of $4.41. The company has a quick ratio of 1.12, a current ratio of 1.65 and a debt-to-equity ratio of 1.05.

Companhia Siderúrgica Nacional (NYSE:SID – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.52). Companhia Siderúrgica Nacional had a net margin of 18.74% and a return on equity of 36.74%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.58 billion. As a group, equities analysts forecast that Companhia Siderúrgica Nacional will post 0.88 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Thursday, May 12th. Stockholders of record on Thursday, May 12th were paid a $0.136 dividend. This is a positive change from Companhia Siderúrgica Nacional’s previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, May 11th. Companhia Siderúrgica Nacional’s dividend payout ratio is currently 22.13%.

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

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