SG Americas Securities LLC Has $101,000 Position in Caesarstone Ltd. (NASDAQ:CSTE)

SG Americas Securities LLC reduced its position in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 60.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,799 shares of the construction company’s stock after selling 4,194 shares during the period. SG Americas Securities LLC’s holdings in Caesarstone were worth $101,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in Caesarstone by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,948 shares of the construction company’s stock worth $143,000 after buying an additional 191 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Caesarstone by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,944 shares of the construction company’s stock valued at $106,000 after buying an additional 256 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Caesarstone by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 64,418 shares of the construction company’s stock valued at $2,335,000 after buying an additional 1,150 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Caesarstone by 7.5% in the first quarter. Wells Fargo & Company MN now owns 29,579 shares of the construction company’s stock valued at $1,072,000 after buying an additional 2,051 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Caesarstone by 344.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,475 shares of the construction company’s stock valued at $126,000 after buying an additional 2,694 shares during the last quarter. 57.48% of the stock is owned by institutional investors.

Caesarstone Ltd. (CSTE) traded down 0.35% on Friday, hitting $28.80. 210,442 shares of the stock traded hands. Caesarstone Ltd. has a 52 week low of $26.35 and a 52 week high of $44.00. The firm’s 50 day moving average is $34.05 and its 200 day moving average is $35.22. The stock has a market cap of $988.91 million, a price-to-earnings ratio of 16.46 and a beta of 2.08.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.14. Caesarstone had a net margin of 11.21% and a return on equity of 14.21%. The firm had revenue of $148.90 million during the quarter, compared to the consensus estimate of $148.35 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that Caesarstone Ltd. will post $1.94 earnings per share for the current year.

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A number of research analysts recently commented on CSTE shares. BidaskClub lowered shares of Caesarstone from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Caesarstone from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Caesarstone in a research note on Thursday, August 3rd. TheStreet lowered shares of Caesarstone from a “b-” rating to a “c+” rating in a research note on Wednesday, June 28th. Finally, Chardan Capital lowered shares of Caesarstone from a “buy” rating to a “neutral” rating and lifted their target price for the company from $39.00 to $43.00 in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Caesarstone has a consensus rating of “Hold” and a consensus price target of $38.20.

About Caesarstone

Caesarstone Ltd., formerly Caesarstone Sdot-Yam Ltd., is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.

Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

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