Bridgeway Capital Management LLC Has $620,000 Stake in Caesarstone Ltd. (NASDAQ:CSTE)

Bridgeway Capital Management LLC cut its position in Caesarstone Ltd. (NASDAQ:CSTE) by 8.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 145,901 shares of the construction company’s stock after selling 13,329 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Caesarstone were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSTE. Wells Fargo & Company MN lifted its stake in Caesarstone by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 12,148 shares of the construction company’s stock worth $52,000 after purchasing an additional 2,647 shares during the last quarter. Barclays PLC lifted its position in shares of Caesarstone by 8.4% during the 4th quarter. Barclays PLC now owns 47,077 shares of the construction company’s stock worth $199,000 after buying an additional 3,632 shares during the last quarter. Bank of America Corp DE boosted its stake in Caesarstone by 18.0% in the fourth quarter. Bank of America Corp DE now owns 36,858 shares of the construction company’s stock valued at $157,000 after buying an additional 5,618 shares in the last quarter. Two Sigma Securities LLC bought a new position in Caesarstone in the fourth quarter valued at about $46,000. Finally, Jane Street Group LLC acquired a new position in Caesarstone during the third quarter worth about $55,000. Institutional investors own 33.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Caesarstone in a research note on Tuesday, March 11th. They issued a “hold” rating on the stock.

Caesarstone Stock Performance

Shares of NASDAQ:CSTE opened at $2.18 on Monday. Caesarstone Ltd. has a 52-week low of $2.10 and a 52-week high of $6.54. The company has a market capitalization of $75.32 million, a PE ratio of -1.08 and a beta of 0.35. The company has a fifty day moving average of $2.76 and a 200-day moving average of $3.74.

Caesarstone (NASDAQ:CSTE) last issued 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). Caesarstone had a negative return on equity of 9.61% and a negative net margin of 14.56%. The firm had revenue of $97.86 million during the quarter, compared to analyst estimates of $99.40 million. During the same period in the previous year, the company earned ($0.28) EPS.

Caesarstone Profile

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.