EntryPoint Capital LLC Makes New Investment in Companhia Siderúrgica Nacional (NYSE:SID)

EntryPoint Capital LLC bought a new stake in Companhia Siderúrgica Nacional (NYSE:SID) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 38,177 shares of the basic materials company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Companhia Siderúrgica Nacional during the 4th quarter worth $35,000. Pinnacle Wealth Planning Services Inc. raised its stake in Companhia Siderúrgica Nacional by 41.3% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 9,314 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Companhia Siderúrgica Nacional in the third quarter worth about $101,000. Blue Trust Inc. boosted its stake in shares of Companhia Siderúrgica Nacional by 2,305.2% in the 4th quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 47,280 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 256.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 40,511 shares during the last quarter.

Analysts Set New Price Targets

SID has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Companhia Siderúrgica Nacional in a research report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 target price on the stock. StockNews.com downgraded Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Down 2.0 %

Shares of NYSE SID opened at $1.71 on Monday. Companhia Siderúrgica Nacional has a 1 year low of $1.27 and a 1 year high of $3.17. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The firm has a market cap of $2.26 billion, a PE ratio of -11.37 and a beta of 2.16. The company has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.79.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its quarterly earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $11.85 billion. On average, research analysts forecast that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

About Companhia Siderúrgica Nacional

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.