Thrivent Financial for Lutherans Sells 312,089 Shares of Companhia Siderúrgica Nacional (NYSE:SID)

Thrivent Financial for Lutherans lessened its holdings in shares of Companhia Siderúrgica Nacional (NYSE:SID – Get Rating) by 43.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,363 shares of the basic materials company’s stock after selling 312,089 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Companhia Siderúrgica Nacional were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Companhia Siderúrgica Nacional by 4.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,453 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 2,595 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Companhia Siderúrgica Nacional by 4.8% in the 4th quarter. Bank of Montreal Can now owns 69,592 shares of the basic materials company’s stock worth $207,000 after acquiring an additional 3,192 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Companhia Siderúrgica Nacional by 18.1% in the 4th quarter. Inspire Advisors LLC now owns 20,881 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 3,201 shares in the last quarter. Sei Investments Co. grew its stake in shares of Companhia Siderúrgica Nacional by 31.8% in the 1st quarter. Sei Investments Co. now owns 13,378 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 3,224 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Companhia Siderúrgica Nacional by 15.4% in the 3rd quarter. UBS Group AG now owns 34,598 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 4,623 shares in the last quarter. Institutional investors own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SID. Bank of America upgraded shares of Companhia Siderúrgica Nacional from an “underperform” rating to a “neutral” rating in a research note on Monday, January 23rd. StockNews.com began coverage on shares of Companhia Siderúrgica Nacional in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group lowered shares of Companhia Siderúrgica Nacional from a “neutral” rating to a “sell” rating in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Companhia Siderúrgica Nacional currently has an average rating of “Hold”.

Companhia Siderúrgica Nacional Price Performance

Shares of NYSE:SID opened at $2.71 on Tuesday. The company’s 50-day moving average is $2.83 and its 200 day moving average is $2.99. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.08 and a current ratio of 1.60. The company has a market capitalization of $3.76 billion, a P/E ratio of -271.00 and a beta of 1.71. Companhia Siderúrgica Nacional has a fifty-two week low of $2.20 and a fifty-two week high of $4.82.

Companhia Siderúrgica Nacional (NYSE:SID – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The basic materials company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.16). The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Companhia Siderúrgica Nacional had a negative return on equity of 0.46% and a negative net margin of 0.24%. On average, equities research analysts forecast that Companhia Siderúrgica Nacional will post 0.6 earnings per share for the current year.

Companhia Siderúrgica Nacional Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Wednesday, May 10th. Shareholders of record on Thursday, May 11th were issued a dividend of $0.1175 per share. This represents a yield of 23.2%. The ex-dividend date of this dividend was Wednesday, May 10th. Companhia Siderúrgica Nacional’s dividend payout ratio (DPR) is presently -4,000.00%.

Companhia Siderúrgica Nacional Profile

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Companhia Siderurgica Nacional engages in the production and sale of integrated steel. It operates through the following segments: Steel, Mining, Cement, Logistics, and Energy. The Steel segment offers flat steel, long steel, metallic containers, and galvanized steel. The Mining segment encompasses the activities of iron ore and tin mining.