KCG Holdings Inc. Has $233,000 Position in National Steel Company (NYSE:SID)

KCG Holdings Inc. raised its position in shares of National Steel Company (NYSE:SID) by 58.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,803 shares of the basic materials company’s stock after buying an additional 29,502 shares during the period. KCG Holdings Inc.’s holdings in National Steel were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SID. World Asset Management Inc boosted its stake in shares of National Steel by 0.5% in the first quarter. World Asset Management Inc now owns 86,108 shares of the basic materials company’s stock worth $251,000 after buying an additional 451 shares in the last quarter. Comerica Bank boosted its stake in shares of National Steel by 1.3% in the first quarter. Comerica Bank now owns 79,557 shares of the basic materials company’s stock worth $190,000 after buying an additional 1,034 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of National Steel by 213.3% in the first quarter. Acrospire Investment Management LLC now owns 34,518 shares of the basic materials company’s stock worth $101,000 after buying an additional 23,500 shares in the last quarter. UBS Group AG boosted its stake in shares of National Steel by 97.3% in the first quarter. UBS Group AG now owns 106,345 shares of the basic materials company’s stock worth $310,000 after buying an additional 52,458 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of National Steel by 101.9% in the first quarter. Profund Advisors LLC now owns 107,586 shares of the basic materials company’s stock worth $314,000 after buying an additional 54,297 shares in the last quarter. 3.37% of the stock is owned by hedge funds and other institutional investors.

Shares of National Steel Company (NYSE:SID) opened at 2.57 on Friday. National Steel Company has a 52 week low of $1.76 and a 52 week high of $4.24. The firm has a 50-day moving average price of $2.41 and a 200-day moving average price of $2.69. The stock has a market cap of $3.49 billion, a PE ratio of 8.13 and a beta of 2.27.

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A number of brokerages have weighed in on SID. BidaskClub upgraded National Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet cut National Steel from a “c-” rating to a “d+” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research cut National Steel from a “buy” rating to a “hold” rating in a research note on Friday, April 21st.

National Steel Company Profile

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.

Institutional Ownership by Quarter for National Steel (NYSE:SID)

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