Geode Capital Management LLC Lowers Stock Holdings in Caesarstone Ltd. (NASDAQ:CSTE)

Geode Capital Management LLC lessened its holdings in Caesarstone Ltd. (NASDAQ:CSTE) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 271,110 shares of the construction company’s stock after selling 3,944 shares during the period. Geode Capital Management LLC owned 0.79% of Caesarstone worth $1,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Caesarstone in the second quarter worth about $293,000. Global Alpha Capital Management Ltd. lifted its holdings in 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 worth $13,768,000 after purchasing an additional 48,200 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Caesarstone by 1,206.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock worth $213,000 after purchasing an additional 43,129 shares during the period. Empowered Funds LLC purchased a new stake in Caesarstone during the 3rd quarter valued at approximately $164,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Caesarstone during the second quarter valued at approximately $106,000. 33.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Caesarstone from a “hold” rating to a “buy” rating in a research report on Saturday, January 4th.

Caesarstone Trading Down 2.1 %

Shares of CSTE stock opened at $4.16 on Friday. The stock has a market capitalization of $143.65 million, a price-to-earnings ratio of -2.07 and a beta of 0.18. Caesarstone Ltd. has a 12-month low of $3.76 and a 12-month high of $6.81. The stock’s 50-day moving average price is $4.38 and its 200-day moving average price is $4.70.

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.