GSA Capital Partners LLP lessened its position in shares of Caesarstone Ltd (NASDAQ:CSTE) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,056 shares of the construction company’s stock after selling 8,868 shares during the quarter. GSA Capital Partners LLP’s holdings in Caesarstone were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in Caesarstone by 1.1% during the second quarter. Rhumbline Advisers now owns 25,918 shares of the construction company’s stock valued at $908,000 after buying an additional 279 shares during the period. Alliancebernstein L.P. grew its position in Caesarstone by 5.5% during the second quarter. Alliancebernstein L.P. now owns 30,700 shares of the construction company’s stock valued at $1,076,000 after buying an additional 1,600 shares during the period. California Public Employees Retirement System grew its position in Caesarstone by 2.3% during the second quarter. California Public Employees Retirement System now owns 72,700 shares of the construction company’s stock valued at $2,548,000 after buying an additional 1,600 shares during the period. Voya Investment Management LLC grew its position in Caesarstone by 19.1% during the second quarter. Voya Investment Management LLC now owns 10,838 shares of the construction company’s stock valued at $380,000 after buying an additional 1,737 shares during the period. Finally, SG Americas Securities LLC grew its position in Caesarstone by 63.5% during the second quarter. SG Americas Securities LLC now owns 4,577 shares of the construction company’s stock valued at $160,000 after buying an additional 1,778 shares during the period. Institutional investors own 49.64% of the company’s stock.

Several research firms recently commented on CSTE. Zacks Investment Research upgraded shares of Caesarstone from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, October 4th. JPMorgan Chase & Co. lowered shares of Caesarstone from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Chardan Capital reiterated a “neutral” rating and issued a $32.00 target price (down previously from $43.00) on shares of Caesarstone in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Caesarstone currently has an average rating of “Hold” and an average price target of $35.00.

Shares of Caesarstone Ltd (NASDAQ CSTE) opened at $24.50 on Friday. Caesarstone Ltd has a 52-week low of $21.15 and a 52-week high of $44.00. The stock has a market cap of $841.30, a PE ratio of 18.01 and a beta of 2.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.31 and a quick ratio of 2.20.

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Caesarstone Company Profile

Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.

Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

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