Legato Capital Management LLC Sells 30,108 Shares of Caesarstone Ltd. (NASDAQ:CSTE)

Legato Capital Management LLC decreased its position in Caesarstone Ltd. (NASDAQ:CSTE) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,311 shares of the construction company’s stock after selling 30,108 shares during the period. Legato Capital Management LLC’s holdings in Caesarstone were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 26,705 shares during the last quarter. Barclays PLC boosted its holdings in 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 buying an additional 20,271 shares during the last quarter. Jane Street Group LLC bought a new position in Caesarstone during the third quarter worth about $55,000. State Street Corp boosted its holdings in Caesarstone by 1.6% during the third quarter. State Street Corp now owns 163,335 shares of the construction company’s stock worth $745,000 after buying an additional 2,640 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in 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 buying an additional 43,129 shares during the last quarter. Institutional investors own 33.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Caesarstone Price Performance

NASDAQ CSTE opened at $3.97 on Friday. The firm has a market cap of $137.08 million, a P/E ratio of -1.98 and a beta of 0.17. The stock’s 50-day moving average is $4.39 and its 200-day moving average is $4.50. Caesarstone Ltd. has a one year low of $3.76 and a one year 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.