Yelin Lapidot Holdings Management Ltd. Has $290,000 Holdings in Caesarstone Ltd. $CSTE

Yelin Lapidot Holdings Management Ltd. lowered its stake in Caesarstone Ltd. (NASDAQ:CSTEFree Report) by 74.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 156,042 shares of the construction company’s stock after selling 465,927 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Caesarstone were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pitcairn Co. acquired a new stake in shares of Caesarstone in the second quarter worth about $31,000. Qube Research & Technologies Ltd acquired a new stake in shares of Caesarstone in the second quarter worth about $56,000. Citadel Advisors LLC lifted its position in shares of Caesarstone by 163.7% in the third quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock worth $101,000 after buying an additional 39,474 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Caesarstone in the third quarter worth about $89,000. Finally, Jane Street Group LLC acquired a new stake in shares of Caesarstone in the second quarter worth about $263,000. Institutional investors and hedge funds own 33.70% of the company’s stock.

Caesarstone Price Performance

Shares of NASDAQ:CSTE opened at $1.58 on Friday. Caesarstone Ltd. has a fifty-two week low of $0.56 and a fifty-two week high of $2.58. The business has a 50-day moving average of $1.22 and a two-hundred day moving average of $1.53. The stock has a market capitalization of $54.62 million, a P/E ratio of -0.37 and a beta of 0.23.

Caesarstone (NASDAQ:CSTEGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The construction company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. Caesarstone had a negative return on equity of 26.31% and a negative net margin of 37.70%.The business had revenue of $88.71 million during the quarter, compared to analysts’ expectations of $97.80 million.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Caesarstone from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Caesarstone currently has an average rating of “Sell”.

Read Our Latest Report on CSTE

Caesarstone Company Profile

(Free Report)

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.

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Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

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