Daiwa Securities Group Inc. Sells 42,600 Shares of Companhia Sider煤rgica Nacional (SID)

Daiwa Securities Group Inc. reduced its stake in shares of Companhia Sider煤rgica Nacional (NYSE:SID) by 10.2% during the 1st quarter, Holdings Channel reports. The firm owned 374,200 shares of the basic materials company’s stock after selling 42,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Companhia Sider煤rgica Nacional were worth $984,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in Companhia Sider煤rgica Nacional by 1,548.5% in the fourth quarter. Millennium Management LLC now owns 679,026 shares of the basic materials company’s stock valued at $1,664,000 after acquiring an additional 637,835 shares during the last quarter. Jane Street Group LLC lifted its holdings in Companhia Sider煤rgica Nacional by 87.6% in the fourth quarter. Jane Street Group LLC now owns 352,682 shares of the basic materials company’s stock valued at $864,000 after acquiring an additional 164,710 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Companhia Sider煤rgica Nacional in the fourth quarter valued at approximately $475,000. Aperio Group LLC lifted its holdings in Companhia Sider煤rgica Nacional by 29.1% in the fourth quarter. Aperio Group LLC now owns 168,323 shares of the basic materials company’s stock valued at $412,000 after acquiring an additional 37,967 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Companhia Sider煤rgica Nacional in the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 2.76% of the company’s stock.

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A number of research analysts recently commented on SID shares. JPMorgan Chase upgraded Companhia Sider煤rgica Nacional from an “underweight” rating to a “neutral” rating in a report on Wednesday, January 17th. HSBC raised Companhia Sider煤rgica Nacional from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, UBS raised Companhia Sider煤rgica Nacional from a “sell” rating to a “neutral” rating in a research report on Thursday, January 11th. Six analysts have rated the stock with a hold rating, The company has an average rating of “Hold”.

Shares of Companhia Sider煤rgica Nacional opened at $2.50 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.11 and a quick ratio of 0.70. Companhia Sider煤rgica Nacional has a 52-week low of $2.43 and a 52-week high of $2.52.

Companhia Sider煤rgica Nacional Company Profile

Companhia Sider煤rgica Nacional operates as an integrated steel producer in Brazil. It operates through Steel, Mining, Logistics, Cement, and Energy segments. It offers steel products, such as coated sheets, galvanized steel, pre-painted steel, metal sheets, and flat and long steel products for automotive, civil construction, packaging, appliances, OEM, and distribution markets.

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Institutional Ownership by Quarter for Companhia Sider煤rgica Nacional (NYSE:SID)

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