Companhia Siderúrgica Nacional (NYSE:SID) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 48,194.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,898 shares of the basic materials company's stock after acquiring an additional 440,983 shares during the quarter. JPMorgan Chase & Co.'s holdings in Companhia Siderúrgica Nacional were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SID. Renaissance Technologies LLC raised its position in shares of 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 worth $4,435,000 after purchasing an additional 656,983 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Companhia Siderúrgica Nacional in the third quarter worth $3,824,000. The Manufacturers Life Insurance Company bought a new stake in Companhia Siderúrgica Nacional in the third quarter valued at $3,585,000. BNP Paribas Financial Markets boosted its holdings in shares of Companhia Siderúrgica Nacional by 11.8% during the third quarter. BNP Paribas Financial Markets now owns 617,047 shares of the basic materials company's stock valued at $1,475,000 after acquiring an additional 65,219 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Companhia Siderúrgica Nacional by 352.6% during the third quarter. Point72 Asset Management L.P. now owns 300,998 shares of the basic materials company's stock worth $719,000 after acquiring an additional 234,498 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Companhia Siderúrgica Nacional from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Up 6.9 %

SID stock traded up $0.10 during trading on Friday, reaching $1.47. 2,317,070 shares of the company's stock were exchanged, compared to its average volume of 2,094,082. 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 $3.84. The company's fifty day moving average price is $1.64 and its 200-day moving average price is $1.97.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently announced 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 -146.66%.

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.