TCG Advisory Services LLC Makes New Investment in Companhia Siderúrgica Nacional (NYSE:SID)

TCG Advisory Services LLC purchased a new position in Companhia Siderúrgica Nacional (NYSE:SID) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 158,494 shares of the basic materials company’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lindbrook Capital LLC grew its holdings in Companhia Siderúrgica Nacional by 42.7% during the fourth quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 2,956 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Companhia Siderúrgica Nacional by 20.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 26,133 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 4,437 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Companhia Siderúrgica Nacional by 35.0% in the 4th quarter. First Trust Direct Indexing L.P. now owns 40,364 shares of the basic materials company’s stock worth $159,000 after purchasing an additional 10,467 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Companhia Siderúrgica Nacional by 47.8% in the 4th quarter. Cerity Partners LLC now owns 39,995 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 12,933 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Companhia Siderúrgica Nacional during the fourth quarter valued at approximately $54,000.

Companhia Siderúrgica Nacional Stock Up 2.5 %

Shares of Companhia Siderúrgica Nacional stock traded up $0.07 during trading on Friday, hitting $2.83. The stock had a trading volume of 2,539,162 shares, compared to its average volume of 3,241,185. Companhia Siderúrgica Nacional has a 1 year low of $2.11 and a 1 year high of $4.03. The stock has a 50 day simple moving average of $3.04 and a 200 day simple moving average of $3.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.94 and a current ratio of 1.32.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Thursday, March 7th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). Companhia Siderúrgica Nacional had a return on equity of 1.69% and a net margin of 0.76%. The business had revenue of $2.42 billion during the quarter. On average, analysts predict that Companhia Siderúrgica Nacional will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America lowered shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $3.90 to $2.90 in a research report on Tuesday, April 9th. Itau BBA Securities restated an “underperform” rating and issued a $3.00 target price on shares of Companhia Siderúrgica Nacional in a report on Thursday, April 4th. Finally, StockNews.com lowered Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through 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 consisting 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.