Northern Trust Corp increased its position in Caesarstone Ltd. (NASDAQ:CSTE) by 100.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,067 shares of the construction company’s stock after acquiring an additional 143,963 shares during the period. Northern Trust Corp owned approximately 0.83% of Caesarstone worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC). \n\nA number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSTE. JPMorgan Chase & Co. increased its stake in shares of Caesarstone by 189.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,797 shares of the construction company’s stock valued at $186,000 after purchasing an additional 26,705 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Caesarstone in the 4th quarter valued at $46,000. RBF Capital LLC grew its holdings in shares of Caesarstone by 3.8% during the 4th quarter. RBF Capital LLC now owns 388,107 shares of the construction company’s stock worth $1,658,000 after purchasing an additional 14,214 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in Caesarstone by 1.0% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 3,048,348 shares of the construction company’s stock worth $12,955,000 after purchasing an additional 29,100 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Caesarstone by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock worth $52,000 after acquiring an additional 2,647 shares in the last quarter. Hedge funds and other institutional investors own 33.70% of the company’s stock. \n\nShares of NASDAQ CSTE opened at $1.84 on Thursday. Caesarstone Ltd. has a fifty-two week low of $1.72 and a fifty-two week high of $6.54. The firm has a market capitalization of $63.57 million, a PE ratio of -0.92 and a beta of 0.35. The stock’s 50-day simple moving average is $2.47 and its 200-day simple moving average is $3.54. \n\nCaesarstone (<NASDAQ:CSTE> – Get Free Report) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.12). The business had revenue of $97.86 million for the quarter, compared to analysts’ expectations of $99.40 million. Caesarstone had a negative return on equity of 9.61% and a negative net margin of 14.56%. During the same quarter last year, the business posted ($0.28) earnings per share. \n\nSeparately, Wall Street Zen assumed coverage on Caesarstone in a research report on Tuesday, March 11th. They issued a “hold” rating on the stock.

Northern Trust Corp Grows Stake in Caesarstone Ltd. (NASDAQ:CSTE)

Northern Trust Corp increased its stake in Caesarstone Ltd. by 100.6% in Q4, owning 0.83% of the company's stock valued at $1.22 million. Other institutional investors, including JPMorgan Chase & Co., Two Sigma Securities LLC, and RBF Capital LLC, also adjusted their holdings. Caesarstone reported negative earnings per share and a market cap of $63.57 million, with a 50-day moving average of $2.47.