Pinnacle Wealth Planning Services Inc. Has $46,000 Stock Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Pinnacle Wealth Planning Services Inc. increased its holdings in Companhia Siderúrgica Nacional (NYSE:SID) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,855 shares of the basic materials company’s stock after purchasing 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 quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Companhia Siderúrgica Nacional in the third quarter worth about $3,824,000. The Manufacturers Life Insurance Company acquired a new position in Companhia Siderúrgica Nacional in the third quarter worth about $3,585,000. BNP Paribas Financial Markets raised its position in Companhia Siderúrgica Nacional by 11.8% in the third quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company’s stock worth $1,475,000 after purchasing an additional 65,219 shares in the last quarter. JPMorgan Chase & Co. raised its position in Companhia Siderúrgica Nacional by 48,194.9% in the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company’s stock worth $1,056,000 after purchasing an additional 440,983 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Companhia Siderúrgica Nacional by 352.6% in the third quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 234,498 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Stock Performance

NYSE SID opened at $1.55 on Friday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -10.30 and a beta of 2.16. The company has a 50 day moving average of $1.48 and a 200-day moving average of $1.84. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 2.77. Companhia Siderúrgica Nacional has a 1-year low of $1.27 and a 1-year high of $3.29.

Companhia Siderúrgica Nacional 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.