UBS Group initiated coverage on shares of Companhia Siderúrgica Nacional (NYSE:SID – Free Report) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage issued a sell rating and a $1.30 price objective on the basic materials company’s stock.
Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.
View Our Latest Stock Analysis on Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional Stock Up 13.0 %
Institutional Investors Weigh In On Companhia Siderúrgica Nacional
Hedge funds have recently added to or reduced their stakes in the stock. Savvy Advisors Inc. acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at about $55,000. Caprock Group LLC acquired a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at about $57,000. SBI Securities Co. Ltd. acquired a new position in Companhia Siderúrgica Nacional during the 4th quarter valued at about $35,000. Pinnacle Wealth Planning Services Inc. lifted its position in Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 9,314 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Companhia Siderúrgica Nacional during the 4th quarter valued at about $55,000.
Companhia Siderúrgica Nacional Company Profile
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.
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