State Street Corp Has $4.06 Million Stock Position in Companhia Siderúrgica Nacional (NYSE:SID)

State Street Corp cut its position in Companhia Siderúrgica Nacional (NYSE:SID) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,621,319 shares of the basic materials company’s stock after selling 105,649 shares during the quarter. State Street Corp’s holdings in Companhia Siderúrgica Nacional were worth $4,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in Companhia Siderúrgica Nacional by 51.7% during the second quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company’s stock worth $4,435,000 after buying an additional 656,983 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Companhia Siderúrgica Nacional by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company’s stock worth $4,248,000 after acquiring an additional 236,340 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Companhia Siderúrgica Nacional by 17.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company’s stock worth $4,236,000 after acquiring an additional 271,176 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter valued at $3,824,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $3,585,000.

Companhia Siderúrgica Nacional Trading Up 0.7 %

Shares of NYSE:SID opened at $1.45 on Tuesday. Companhia Siderúrgica Nacional has a 12-month low of $1.41 and a 12-month high of $3.99. The business has a 50 day moving average of $1.90 and a 200-day moving average of $2.11. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77. The stock has a market cap of $2.01 billion, a PE ratio of -48.32 and a beta of 2.12.

Companhia Siderúrgica Nacional Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.0952 dividend. The ex-dividend date was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is presently -146.67%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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 Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.