Van ECK Associates Corp Sells 362,209 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Van ECK Associates Corp decreased its position in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,315,071 shares of the basic materials company’s stock after selling 362,209 shares during the period. Van ECK Associates Corp owned 0.09% of Companhia Siderúrgica Nacional worth $1,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $3,824,000. The Manufacturers Life Insurance Company bought a new stake in Companhia Siderúrgica Nacional during the 3rd quarter worth approximately $3,585,000. BNP Paribas Financial Markets raised its stake in Companhia Siderúrgica Nacional by 11.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock worth $1,475,000 after acquiring an additional 65,219 shares during the period. JPMorgan Chase & Co. grew its holdings in Companhia Siderúrgica Nacional by 48,194.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock valued at $1,056,000 after buying an additional 440,983 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Companhia Siderúrgica Nacional by 352.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock valued at $719,000 after buying an additional 234,498 shares in the last quarter.

Analyst Ratings Changes

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

Companhia Siderúrgica Nacional Trading Up 1.0 %

Shares of SID opened at $1.57 on Friday. Companhia Siderúrgica Nacional has a 1 year low of $1.27 and a 1 year high of $3.56. The firm has a market cap of $2.08 billion, a P/E ratio of -10.43 and a beta of 2.14. The company has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.89. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93.

Companhia Siderúrgica Nacional 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.