Healthcare of Ontario Pension Plan Trust Fund Invests $3.82 Million in Companhia Siderúrgica Nacional (NYSE:SID)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,600,000 shares of the basic materials company's stock, valued at approximately $3,824,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Companhia Siderúrgica Nacional at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SID. Renaissance Technologies LLC increased its position in Companhia Siderúrgica Nacional by 51.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,928,396 shares of the basic materials company's stock valued at $4,435,000 after buying an additional 656,983 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Companhia Siderúrgica Nacional by 14.7% in the second quarter. American Century Companies Inc. now owns 1,846,867 shares of the basic materials company's stock worth $4,248,000 after acquiring an additional 236,340 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Companhia Siderúrgica Nacional by 17.3% during the second quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company's stock valued at $4,236,000 after acquiring an additional 271,176 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Companhia Siderúrgica Nacional in the 3rd quarter worth about $3,585,000. Finally, BNP Paribas Financial Markets raised its position in shares of Companhia Siderúrgica Nacional by 11.8% in the 3rd 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 during the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Companhia Siderúrgica Nacional from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 10th.

Companhia Siderúrgica Nacional Stock Down 6.5 %

SID stock traded down $0.13 during midday trading on Friday, hitting $1.87. The company's stock had a trading volume of 1,674,761 shares, compared to its average volume of 2,212,968. The firm's 50-day moving average is $2.11 and its 200-day moving average is $2.22. Companhia Siderúrgica Nacional has a 12 month low of $1.82 and a 12 month high of $4.03. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.89 and a current ratio of 1.29.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.0952 per share. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional's payout ratio is currently -433.19%.

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.