Jane Street Group LLC Invests $55,000 in Caesarstone Ltd. (NASDAQ:CSTE)

Jane Street Group LLC purchased a new stake in Caesarstone Ltd. (NASDAQ:CSTE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,074 shares of the construction company’s stock, valued at approximately $55,000.

Several other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Caesarstone in the 2nd quarter valued at about $106,000. Rhumbline Advisers acquired a new stake in Caesarstone in the second quarter valued at approximately $107,000. Empowered Funds LLC purchased a new position in shares of Caesarstone during the 3rd quarter valued at approximately $164,000. BNP Paribas Financial Markets boosted its stake in shares of Caesarstone by 1,206.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock valued at $213,000 after buying an additional 43,129 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Caesarstone during the 2nd quarter valued at approximately $293,000. 33.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Caesarstone from a “hold” rating to a “buy” rating in a report on Tuesday.

Caesarstone Trading Up 1.9 %

NASDAQ CSTE opened at $4.33 on Thursday. Caesarstone Ltd. has a 1 year low of $3.76 and a 1 year high of $6.81. The stock’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.68. The company has a market cap of $149.52 million, a PE ratio of -2.15 and a beta of 0.18.

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.