Legato Capital Management LLC Has $426,000 Position in Caesarstone Ltd. (NASDAQ:CSTE)

Legato Capital Management LLC reduced its stake in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,311 shares of the construction company’s stock after selling 30,108 shares during the quarter. Legato Capital Management LLC owned 0.29% of Caesarstone worth $426,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CSTE. Jane Street Group LLC bought a new stake in shares of Caesarstone during the third quarter worth $55,000. Empowered Funds LLC bought a new stake in shares of Caesarstone during the third quarter worth $164,000. JPMorgan Chase & Co. grew its holdings in shares of Caesarstone by 189.5% during the third 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 during the last quarter. Barclays PLC grew its holdings in shares of Caesarstone by 87.5% during the third quarter. Barclays PLC now owns 43,445 shares of the construction company’s stock worth $198,000 after purchasing an additional 20,271 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Caesarstone by 1,206.4% during the third quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock worth $213,000 after purchasing an additional 43,129 shares during the last quarter. 33.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Caesarstone in a report on Saturday. They set a “hold” rating on the stock.

Caesarstone Stock Down 2.2 %

Caesarstone stock opened at $3.97 on Friday. The business’s 50-day simple moving average is $4.39 and its 200 day simple moving average is $4.50. The stock has a market cap of $137.08 million, a price-to-earnings ratio of -1.98 and a beta of 0.17. Caesarstone Ltd. has a 12-month low of $3.76 and a 12-month high of $6.81.

About Caesarstone

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.