Jump Financial LLC Purchases New Shares in Caesarstone Ltd. (NASDAQ:CSTE)

Jump Financial LLC bought a new stake in Caesarstone Ltd. (NASDAQ:CSTE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,400 shares of the construction company's stock, valued at approximately $93,000. Jump Financial LLC owned 0.06% of Caesarstone at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CSTE. Y.D. More Investments Ltd purchased a new position in Caesarstone in the 4th quarter worth about $46,000. Phoenix Holdings Ltd. grew its holdings in Caesarstone by 4.2% during the 4th quarter. Phoenix Holdings Ltd. now owns 3,868,049 shares of the construction company's stock worth $22,005,000 after acquiring an additional 156,106 shares in the last quarter. SG Americas Securities LLC bought a new position in Caesarstone during the 4th quarter worth about $60,000. Gladius Capital Management LP grew its holdings in Caesarstone by 58.4% during the 4th quarter. Gladius Capital Management LP now owns 6,078 shares of the construction company's stock worth $35,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in Caesarstone during the 4th quarter worth about $308,000. Hedge funds and other institutional investors own 34.81% of the company's stock.

Several brokerages have issued reports on CSTE. StockNews.com began coverage on shares of Caesarstone in a report on Thursday, May 18th. They set a "hold" rating on the stock. Stifel Nicolaus dropped their target price on shares of Caesarstone from $7.50 to $6.00 in a report on Thursday, May 11th. Finally, Benchmark lowered their price target on shares of Caesarstone from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday.

Read Our Latest Stock Report on CSTE

NASDAQ:CSTE opened at $4.80 on Monday. Caesarstone Ltd. has a fifty-two week low of $3.51 and a fifty-two week high of $10.67. The stock has a market capitalization of $165.65 million, a P/E ratio of -1.26 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 2.72. The company's 50-day simple moving average is $5.18 and its 200-day simple moving average is $4.96.

Caesarstone (NASDAQ:CSTE - Get Free Report) last released its earnings results on Wednesday, August 9th. The construction company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.61). The company had revenue of $143.68 million during the quarter, compared to analyst estimates of $160.43 million. Caesarstone had a negative return on equity of 7.49% and a negative net margin of 20.60%. On average, equities analysts anticipate that Caesarstone Ltd. will post -0.07 earnings per share for the current fiscal year.

Caesarstone Ltd., together with its subsidiaries, designs, develops, manufactures, and markets engineered quartz and other materials under the Caesarstone brand in the United States, Canada, Latin America, Australia, New Zealand, Asia, Israel, Europe, the Middle East, and Africa. The company's engineered quartz slabs are primarily used as indoor and outdoor kitchen countertops in the renovation and remodeling and residential construction end markets.

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