Acuitas Investments LLC Makes New $608,000 Investment in Caesarstone Ltd. (NASDAQ:CSTE)

Acuitas Investments LLC acquired a new position in shares of Caesarstone Ltd. (NASDAQ:CSTE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 162,647 shares of the construction company’s stock, valued at approximately $608,000. Acuitas Investments LLC owned approximately 0.47% of Caesarstone at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSTE. Y.D. More Investments Ltd acquired a new stake in shares of Caesarstone in the third quarter valued at about $45,000. Barclays PLC lifted its holdings in shares of Caesarstone by 41.8% during the third quarter. Barclays PLC now owns 22,591 shares of the construction company’s stock worth $98,000 after buying an additional 6,660 shares during the last quarter. Citigroup Inc. boosted its holdings in Caesarstone by 21,632.8% in the 3rd quarter. Citigroup Inc. now owns 53,680 shares of the construction company’s stock valued at $230,000 after purchasing an additional 53,433 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. acquired a new stake in Caesarstone in the 3rd quarter valued at about $2,711,000. Hedge funds and other institutional investors own 33.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Caesarstone from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

Caesarstone Trading Up 0.5 %

Shares of CSTE traded up $0.03 during midday trading on Friday, hitting $6.30. The stock had a trading volume of 22,868 shares, compared to its average volume of 72,477. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.51 and a current ratio of 2.64. Caesarstone Ltd. has a twelve month low of $3.50 and a twelve month high of $6.81. The company has a 50 day simple moving average of $4.54 and a two-hundred day simple moving average of $4.20.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The business had revenue of $128.53 million for the quarter, compared to analyst estimates of $124.94 million. Caesarstone had a negative return on equity of 12.71% and a negative net margin of 19.05%. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Analysts anticipate that Caesarstone Ltd. will post -0.43 EPS for the current fiscal year.

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.