Barclays PLC Increases Position in Caesarstone Ltd. (NASDAQ:CSTE)

Barclays PLC boosted its stake in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 87.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,445 shares of the construction company’s stock after purchasing an additional 20,271 shares during the period. Barclays PLC’s holdings in Caesarstone were worth $198,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CSTE. Bank of New York Mellon Corp purchased a new position in Caesarstone during the second quarter worth approximately $293,000. Rhumbline Advisers purchased a new position in shares of Caesarstone in the 2nd quarter valued at $107,000. Empowered Funds LLC purchased a new position in shares of Caesarstone in the 3rd quarter valued at $164,000. Global Alpha Capital Management Ltd. raised its stake in shares of Caesarstone by 1.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 3,019,248 shares of the construction company’s stock valued at $13,768,000 after acquiring an additional 48,200 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Caesarstone by 1,206.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,704 shares of the construction company’s stock valued at $213,000 after acquiring an additional 43,129 shares during the period. Hedge funds and other institutional investors own 33.70% of the company’s stock.

Caesarstone Price Performance

Shares of CSTE stock opened at $4.29 on Wednesday. The firm has a market cap of $148.13 million, a P/E ratio of -2.13 and a beta of 0.18. Caesarstone Ltd. has a 1-year low of $3.76 and a 1-year high of $6.81. The firm has a fifty day moving average of $4.38 and a two-hundred day moving average of $4.66.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Caesarstone from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th.

Caesarstone Company 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.