Public Employees Retirement Association of Colorado Has $13,517,000 Position in Caesarstone Ltd. (NASDAQ:CSTE)

Public Employees Retirement Association of Colorado continued to hold its position in shares of Caesarstone Ltd. (NASDAQ:CSTE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385,635 shares of the construction company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 1.12% of Caesarstone worth $13,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CSTE. Bronfman E.L. Rothschild L.P. raised its position in shares of 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 valued at $143,000 after buying an additional 191 shares during the period. 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 worth $106,000 after buying an additional 256 shares during the last quarter. American International Group Inc. raised its stake in shares of Caesarstone by 7.1% in the first quarter. American International Group Inc. now owns 14,676 shares of the construction company’s stock worth $532,000 after buying an additional 971 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 worth $2,335,000 after buying an additional 1,150 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Caesarstone by 16.4% in the first quarter. Legal & General Group Plc now owns 9,819 shares of the construction company’s stock worth $355,000 after buying an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 57.48% of the company’s stock.

Shares of Caesarstone Ltd. (NASDAQ:CSTE) traded down 0.35% during mid-day trading on Friday, hitting $28.80. 210,442 shares of the stock were exchanged. Caesarstone Ltd. has a one year low of $26.35 and a one year high of $44.00. The stock has a market cap of $988.91 million, a PE ratio of 16.46 and a beta of 2.08. The company has a 50-day moving average of $34.05 and a 200 day moving average of $35.22.

Caesarstone (NASDAQ:CSTE) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.42 earnings per share for the quarter, missing the 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 business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $148.35 million. During the same period in the previous year, the business posted $0.73 EPS. Caesarstone’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Caesarstone Ltd. will post $1.94 earnings per share for the current year.

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A number of research firms have weighed in on CSTE. BidaskClub lowered Caesarstone from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price target on shares of Caesarstone in a research report on Thursday, August 3rd. Zacks Investment Research raised Caesarstone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. TheStreet lowered shares of Caesarstone from a “b-” rating to a “c+” rating in a report on Wednesday, June 28th. Finally, Credit Suisse Group initiated coverage on shares of Caesarstone in a report on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Caesarstone presently has an average rating of “Hold” and an average price target of $38.20.

Caesarstone Company Profile

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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