State Street Corp Has $745,000 Stock Holdings in Caesarstone Ltd. (NASDAQ:CSTE)

State Street Corp boosted its position in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,335 shares of the construction company’s stock after purchasing an additional 2,640 shares during the period. State Street Corp’s holdings in Caesarstone were worth $745,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Caesarstone from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th.

Caesarstone Stock Performance

Shares of CSTE stock opened at $4.47 on Friday. The stock’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $4.74. Caesarstone Ltd. has a twelve month low of $3.76 and a twelve month high of $6.81. The company has a market capitalization of $154.36 million, a price-to-earnings ratio of -2.22 and a beta of 0.17.

Caesarstone 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.