First Trust Direct Indexing L.P. Has $159,000 Stock Position in Companhia Siderúrgica Nacional (NYSE:SID)

First Trust Direct Indexing L.P. boosted its position in Companhia Siderúrgica Nacional (NYSE:SID) by 35.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,364 shares of the basic materials company’s stock after purchasing an additional 10,467 shares during the period. First Trust Direct Indexing L.P.’s holdings in Companhia Siderúrgica Nacional were worth $159,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SID. Lindbrook Capital LLC lifted its position in Companhia Siderúrgica Nacional by 42.7% during the fourth quarter. Lindbrook Capital LLC now owns 9,876 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 2,956 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Companhia Siderúrgica Nacional during the third quarter worth approximately $43,000. Headlands Technologies LLC acquired a new stake in Companhia Siderúrgica Nacional during the fourth quarter worth approximately $54,000. First Affirmative Financial Network acquired a new stake in Companhia Siderúrgica Nacional during the fourth quarter worth approximately $54,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Companhia Siderúrgica Nacional by 20.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,133 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 4,437 shares during the last quarter.

Wall Street Analysts Forecast Growth

SID has been the subject of several research reports. StockNews.com upgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Bank of America cut shares of Companhia Siderúrgica Nacional from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $3.90 to $2.90 in a report on Tuesday, April 9th. Finally, Itau BBA Securities reaffirmed an “underperform” rating and set a $3.00 target price on shares of Companhia Siderúrgica Nacional in a report on Thursday, April 4th.

Companhia Siderúrgica Nacional Stock Down 0.9 %

Shares of SID opened at $2.75 on Thursday. Companhia Siderúrgica Nacional has a 12 month low of $2.11 and a 12 month high of $4.03. The firm’s 50 day moving average is $3.00 and its 200-day moving average is $3.22. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 1.89.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its quarterly earnings data on Thursday, March 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $2.42 billion during the quarter. Companhia Siderúrgica Nacional had a net margin of 0.76% and a return on equity of 1.69%. On average, analysts expect that Companhia Siderúrgica Nacional will post 0.12 EPS for the current year.

Companhia Siderúrgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.