Why You Should Care When Hedge Funds Invest in Companhia Siderurgica Nacional (SID)

Companhia Siderurgica Nacional (NYSE:SID) marched up 19.37% compared to a 52-week low price of $1.91. The shares were last seen trading -3.8% lower, taking the closing price at $2.28 on 12/04/2018. At recent session, the prices were hovering between $2.28 and $2.39. This company shares are 37.72% off its target price of $3.14 and the current market capitalization stands at $3.19B. The recent change has given its price a -6.44% deficit over SMA 50 and -35.41% deficit over its 52-week high. The stock witnessed -13.96% declines, 14% gains and 0.88% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SID’s volatility during a week at 3.68% and during a month it has been found around 4.2%.

Companhia Siderurgica Nacional (SID) Top Holders

Institutional investors currently hold around $77 million or 3.3% in SID stock. Look at its top three institutional owners. Vanguard Group Inc owns $18.28 million in Companhia Siderurgica Nacional, which represents roughly 0.57% of the company’s market cap and approximately 23.74% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 5,892,010 shares of the stock are valued at $13.96 million. The third largest holder is State Street Corp, which currently holds $6.24 million worth of this stock and that ownership represents nearly 0.2% of its market capitalization.

Companhia Siderurgica Nacional 13F Filings

At the end of September reporting period, 38 institutional holders increased their position in Companhia Siderurgica Nacional (NYSE:SID) by some 8,404,055 shares, 36 decreased positions by 2,549,502 and 16 held positions by 21,472,089. That puts total institutional holdings at 32,425,646 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 640,104 shares while 10 institutional investors sold out their entire positions totaling 1,434,290 shares.

Companhia Siderurgica Nacional (SID) Analyst Guide

Several analysts have released their opinion on Companhia Siderurgica Nacional (NYSE:SID), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.