Van ECK Associates Corp Has $1.89 Million Holdings in Companhia Siderúrgica Nacional (NYSE:SID)

Van ECK Associates Corp decreased its holdings in shares of Companhia Siderúrgica Nacional (NYSE:SID - Free Report) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,315,071 shares of the basic materials company's stock after selling 362,209 shares during the quarter. Van ECK Associates Corp owned 0.09% of Companhia Siderúrgica Nacional worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SID. PDS Planning Inc acquired a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $32,000. Savvy Advisors Inc. acquired a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $55,000. Caprock Group LLC acquired a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $57,000. Blue Trust Inc. boosted its position in Companhia Siderúrgica Nacional by 2,305.2% during the fourth quarter. Blue Trust Inc. now owns 49,331 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 47,280 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Companhia Siderúrgica Nacional during the third quarter valued at $101,000.

Wall Street Analysts Forecast Growth

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

Companhia Siderúrgica Nacional Stock Down 1.6 %

Shares of NYSE:SID traded down $0.03 on Friday, reaching $1.54. The company had a trading volume of 1,365,887 shares, compared to its average volume of 2,197,070. Companhia Siderúrgica Nacional has a twelve month low of $1.27 and a twelve month high of $3.56. The stock has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.89. The stock has a market capitalization of $2.04 billion, a P/E ratio of -10.23 and a beta of 2.14. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77.

Companhia Siderúrgica Nacional Company 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.