Marquette Asset Management LLC Makes New $113,000 Investment in Caesarstone Ltd. (NASDAQ:CSTE)

Marquette Asset Management LLC bought a new stake in Caesarstone Ltd. (NASDAQ:CSTE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,285 shares of the construction company’s stock, valued at approximately $113,000.

Other large investors have also modified their holdings of the company. Yelin Lapidot Holdings Management Ltd. purchased a new position in Caesarstone in the 3rd quarter worth approximately $2,711,000. Acuitas Investments LLC purchased a new stake in shares of Caesarstone during the fourth quarter valued at approximately $608,000. Citigroup Inc. lifted its position in shares of Caesarstone by 21,632.8% during the third quarter. Citigroup Inc. now owns 53,680 shares of the construction company’s stock worth $230,000 after purchasing an additional 53,433 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Caesarstone in the third quarter valued at $45,000. Finally, Barclays PLC boosted its stake in shares of Caesarstone by 41.8% in the third quarter. Barclays PLC now owns 22,591 shares of the construction company’s stock valued at $98,000 after purchasing an additional 6,660 shares during the period. Institutional investors and hedge funds own 33.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Caesarstone from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd.

Caesarstone Price Performance

NASDAQ CSTE traded down $0.08 during mid-day trading on Friday, reaching $6.19. 99,990 shares of the company’s stock traded hands, compared to its average volume of 141,315. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.64 and a quick ratio of 1.51. Caesarstone Ltd. has a 1-year low of $3.50 and a 1-year high of $6.81. The company has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $4.23.

Caesarstone (NASDAQ:CSTE) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company 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 period in the previous year, the business posted ($0.03) EPS. On average, equities analysts expect that Caesarstone Ltd. will post -0.43 EPS for the current year.

Caesarstone Company 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.