Bank of Montreal Can bought a new position in Companhia Siderurgica Nacional (NYSE:SID) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 211,706 shares of the basic materials company’s stock, valued at approximately $870,000.

A number of other hedge funds also recently modified their holdings of SID. OLD Mission Capital LLC purchased a new stake in Companhia Siderurgica Nacional in the fourth quarter worth approximately $43,000. D. E. Shaw & Co. Inc. boosted its holdings in Companhia Siderurgica Nacional by 161.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 46,840 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 28,901 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Companhia Siderurgica Nacional in the fourth quarter worth approximately $107,000. O Shaughnessy Asset Management LLC boosted its holdings in Companhia Siderurgica Nacional by 34.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 55,404 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 14,294 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Companhia Siderurgica Nacional in the fourth quarter worth approximately $127,000. Institutional investors own 3.07% of the company’s stock.

Several brokerages recently issued reports on SID. ValuEngine upgraded shares of Companhia Siderurgica Nacional from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Standpoint Research cut shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research cut shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Goldman Sachs Group upgraded shares of Companhia Siderurgica Nacional from a “sell” rating to a “neutral” rating in a research note on Sunday, April 14th. Finally, HSBC upgraded shares of Companhia Siderurgica Nacional from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $4.75.

Shares of Companhia Siderurgica Nacional stock opened at $4.25 on Friday. The firm has a market cap of $5.78 billion, a PE ratio of 4.47 and a beta of 2.12. Companhia Siderurgica Nacional has a 1-year low of $1.91 and a 1-year high of $4.60. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.68 and a current ratio of 1.14.

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Companhia Siderurgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat steel, such as 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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Institutional Ownership by Quarter for Companhia Siderurgica Nacional (NYSE:SID)

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