BNP Paribas Financial Markets raised its position in Caesarstone Ltd. (NASDAQ:CSTE – Free Report) by 1,206.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,704 shares of the construction company’s stock after buying an additional 43,129 shares during the period. BNP Paribas Financial Markets’ holdings in Caesarstone were worth $213,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in Caesarstone during the 2nd quarter worth approximately $107,000. Acadian Asset Management LLC bought a new stake in shares of Caesarstone in the second quarter worth $106,000. Empowered Funds LLC acquired a new stake in Caesarstone in the third quarter valued at $164,000. Bank of New York Mellon Corp bought a new position in Caesarstone during the 2nd quarter valued at $293,000. Finally, Global Alpha Capital Management Ltd. grew its holdings in Caesarstone by 1.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company’s stock worth $13,768,000 after acquiring an additional 48,200 shares in the last quarter. 33.70% of the stock is currently owned by institutional investors and hedge funds.
Caesarstone Price Performance
Caesarstone stock opened at $4.78 on Tuesday. Caesarstone Ltd. has a 12 month low of $3.55 and a 12 month high of $6.81. The company has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $4.83. The company has a market cap of $165.06 million, a PE ratio of -2.38 and a beta of 0.17.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Caesarstone
Caesarstone Profile
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.
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