TCG Advisory Services LLC Acquires New Position in Companhia Siderúrgica Nacional (NYSE:SID)

TCG Advisory Services LLC bought a new position in shares of Companhia Siderúrgica Nacional (NYSE:SID) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 158,494 shares of the basic materials company’s stock, valued at approximately $623,000.

A number of other hedge funds also recently added to or reduced their stakes in SID. Vanguard Personalized Indexing Management LLC boosted its position in shares of Companhia Siderúrgica Nacional by 20.5% in 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 during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Companhia Siderúrgica Nacional during the third quarter worth approximately $43,000. Cerity Partners LLC increased 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 valued at $157,000 after acquiring an additional 12,933 shares during the period. Quantbot Technologies LP acquired a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter valued at $145,000. Finally, Van ECK Associates Corp raised its position in Companhia Siderúrgica Nacional by 41.9% in the 4th quarter. Van ECK Associates Corp now owns 1,703,380 shares of the basic materials company’s stock valued at $6,694,000 after purchasing an additional 502,993 shares during the last quarter.

Companhia Siderúrgica Nacional Stock Performance

Shares of Companhia Siderúrgica Nacional stock traded up $0.07 on Friday, reaching $2.83. 2,539,162 shares of the stock were exchanged, 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 business has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $3.21. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 1.89.

Companhia Siderúrgica Nacional (NYSE:SID) last released its earnings results on Thursday, March 7th. The basic materials company reported $0.13 earnings per share (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 for the quarter. As a group, research analysts expect that Companhia Siderúrgica Nacional will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SID. Bank of America cut shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $3.90 to $2.90 in a report on Tuesday, April 9th. Itau BBA Securities reaffirmed an “underperform” rating and set a $3.00 price objective on shares of Companhia Siderúrgica Nacional in a research note on Thursday, April 4th. Finally, StockNews.com downgraded Companhia Siderúrgica Nacional from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Companhia Siderúrgica Nacional Company Profile

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.