StockNews.com upgraded shares of Caesarstone (NASDAQ:CSTE – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
Caesarstone Trading Down 2.3 %
Shares of NASDAQ CSTE opened at $4.30 on Friday. Caesarstone has a twelve month low of $3.76 and a twelve month high of $6.81. The firm has a 50-day moving average of $4.37 and a two-hundred day moving average of $4.72. The company has a market capitalization of $148.49 million, a price-to-earnings ratio of -2.14 and a beta of 0.18.
Institutional Trading of Caesarstone
A number of large investors have recently added to or reduced their stakes in CSTE. State Street Corp increased its holdings in shares of Caesarstone by 1.6% in the third quarter. State Street Corp now owns 163,335 shares of the construction company’s stock valued at $745,000 after buying an additional 2,640 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Caesarstone in the 3rd quarter worth $55,000. Barclays PLC raised its position in shares of Caesarstone by 87.5% during the third quarter. Barclays PLC now owns 43,445 shares of the construction company’s stock worth $198,000 after purchasing an additional 20,271 shares during the period. Rhumbline Advisers purchased a new stake in shares of Caesarstone during the second quarter valued at $107,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Caesarstone during the second quarter valued at $106,000. 33.70% of the stock is currently owned by institutional investors.
About Caesarstone
Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered stone and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, Asia, Europe, the Middle East and Africa, and Israel. The company’s engineered stone slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling, and residential construction sectors.
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