RBF Capital LLC Has $1.66 Million Stock Position in Caesarstone Ltd. (NASDAQ:CSTE)

RBF Capital LLC increased its stake in Caesarstone Ltd. (NASDAQ:CSTE) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,107 shares of the construction company’s stock after purchasing an additional 14,214 shares during the quarter. RBF Capital LLC owned approximately 1.12% of Caesarstone worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Caesarstone by 1.6% in the third quarter. State Street Corp now owns 163,335 shares of the construction company’s stock worth $745,000 after acquiring an additional 2,640 shares in the last quarter. Jane Street Group LLC acquired a new position in Caesarstone in the 3rd quarter worth approximately $55,000. JPMorgan Chase & Co. grew its position in Caesarstone by 189.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,797 shares of the construction company’s stock worth $186,000 after purchasing an additional 26,705 shares in the last quarter. Barclays PLC raised its stake in Caesarstone by 87.5% during the 3rd quarter. Barclays PLC now owns 43,445 shares of the construction company’s stock valued at $198,000 after purchasing an additional 20,271 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its holdings in shares of Caesarstone by 1.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,048,348 shares of the construction company’s stock valued at $12,955,000 after purchasing an additional 29,100 shares in the last quarter. Institutional investors and hedge funds own 33.70% of the company’s stock.

Caesarstone Price Performance

Shares of CSTE opened at $3.01 on Wednesday. The business’s 50-day moving average is $3.09 and its 200-day moving average is $3.91. The company has a market capitalization of $103.99 million, a price-to-earnings ratio of -1.50 and a beta of 0.28. Caesarstone Ltd. has a fifty-two week low of $2.25 and a fifty-two week high of $6.81.

Caesarstone (NASDAQ:CSTE) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.12). Caesarstone had a negative return on equity of 9.61% and a negative net margin of 14.56%. The company had revenue of $97.86 million during the quarter, compared to analysts’ expectations of $99.40 million. During the same quarter in the previous year, the company earned ($0.28) EPS.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Caesarstone in a report on Tuesday, March 11th. They set a “hold” rating on the stock.

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.