Cubist Systematic Strategies LLC Has $1.77 Million Stock Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Cubist Systematic Strategies LLC cut its stake in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 35.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 771,497 shares of the basic materials company's stock after selling 418,447 shares during the quarter. Cubist Systematic Strategies LLC owned 0.06% of Companhia Siderúrgica Nacional worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings 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 worth $4,435,000 after acquiring an additional 656,983 shares during the last quarter. Van ECK Associates Corp grew its holdings in Companhia Siderúrgica Nacional by 17.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,841,944 shares of the basic materials company's stock worth $4,236,000 after acquiring an additional 271,176 shares during the last quarter. American Century Companies Inc. grew its holdings in Companhia Siderúrgica Nacional by 14.7% during the 2nd 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. Advisors Asset Management Inc. bought a new stake in Companhia Siderúrgica Nacional during the 1st quarter worth approximately $311,000. Finally, SG Americas Securities LLC bought a new stake in Companhia Siderúrgica Nacional during the 2nd quarter worth approximately $153,000.

Companhia Siderúrgica Nacional Trading Up 0.8 %

Shares of NYSE SID traded up $0.02 during midday trading on Tuesday, reaching $2.41. The stock had a trading volume of 1,932,698 shares, compared to its average volume of 2,261,279. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 0.72 and a beta of 2.13. Companhia Siderúrgica Nacional has a twelve month low of $1.89 and a twelve 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. The company's 50 day moving average price is $2.15 and its 200 day moving average price is $2.47.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.18. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.94 billion. Companhia Siderúrgica Nacional had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, sell-side analysts expect that Companhia Siderúrgica Nacional will post 0.38 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Companhia Siderúrgica Nacional from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th.

Companhia Siderúrgica Nacional Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.