Caesarstone (NASDAQ:CSTE) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Caesarstone (NASDAQ:CSTE) in a report released on Sunday. The brokerage issued a hold rating on the construction company’s stock.

Caesarstone Stock Down 1.6 %

Shares of NASDAQ CSTE opened at $3.72 on Friday. The business’s 50 day moving average is $4.25 and its two-hundred day moving average is $4.41. Caesarstone has a 52-week low of $3.70 and a 52-week high of $6.81. The firm has a market cap of $128.45 million, a price-to-earnings ratio of -1.85 and a beta of 0.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Caesarstone by 18.0% during the 4th quarter. Bank of America Corp DE now owns 36,858 shares of the construction company’s stock worth $157,000 after buying an additional 5,618 shares during the period. Northern Trust Corp grew its stake in shares of Caesarstone by 100.6% in the fourth quarter. Northern Trust Corp now owns 287,067 shares of the construction company’s stock worth $1,220,000 after acquiring an additional 143,963 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Caesarstone during the fourth quarter worth $46,000. RBF Capital LLC raised its stake in shares of Caesarstone by 3.8% in the fourth quarter. RBF Capital LLC now owns 388,107 shares of the construction company’s stock valued at $1,658,000 after acquiring an additional 14,214 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Caesarstone by 8.4% in the fourth quarter. Barclays PLC now owns 47,077 shares of the construction company’s stock valued at $199,000 after purchasing an additional 3,632 shares during the period. Hedge funds and other institutional investors own 33.70% of the company’s stock.

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.