State Street Corp increased its stake in Caesarstone Ltd. (NASDAQ:CSTE – Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,335 shares of the construction company’s stock after acquiring an additional 2,640 shares during the quarter. State Street Corp owned approximately 0.47% of Caesarstone worth $745,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers purchased a new position in Caesarstone in the 2nd quarter worth about $107,000. Acadian Asset Management LLC acquired a new position in shares of Caesarstone in the second quarter worth about $106,000. Empowered Funds LLC purchased a new position in shares of Caesarstone in the third quarter worth approximately $164,000. BNP Paribas Financial Markets raised its holdings in shares of Caesarstone by 1,206.4% during the third quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock valued at $213,000 after acquiring an additional 43,129 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its position in shares of Caesarstone by 1.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company’s stock valued at $13,768,000 after acquiring an additional 48,200 shares in the last quarter. 33.70% of the stock is owned by institutional investors and hedge funds.
Caesarstone Trading Up 5.2 %
Shares of NASDAQ CSTE opened at $4.47 on Friday. Caesarstone Ltd. has a one year low of $3.76 and a one year high of $6.81. The business has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $4.74. The firm has a market capitalization of $154.36 million, a PE ratio of -2.22 and a beta of 0.17.
Analyst Ratings Changes
View Our Latest Stock Report on Caesarstone
Caesarstone Company Profile
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company’s engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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