Companhia Siderúrgica Nacional (NYSE:SID) Shares Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. grew its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID) by 41.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,855 shares of the basic materials company’s stock after acquiring an additional 9,314 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Companhia Siderúrgica Nacional were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Companhia Siderúrgica Nacional by 48,194.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock valued at $1,056,000 after purchasing an additional 440,983 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $3,824,000. The Manufacturers Life Insurance Company acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $3,585,000. BNP Paribas Financial Markets raised its stake in Companhia Siderúrgica Nacional by 11.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock valued at $1,475,000 after purchasing an additional 65,219 shares during the period. Finally, Caprock Group LLC acquired a new stake in Companhia Siderúrgica Nacional during the 3rd quarter valued at $57,000.

Companhia Siderúrgica Nacional Trading Up 2.3 %

NYSE SID opened at $1.55 on Friday. Companhia Siderúrgica Nacional has a 1-year low of $1.27 and a 1-year high of $3.29. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $2.05 billion, a PE ratio of -10.30 and a beta of 2.16. The firm’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $1.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

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.