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Other hedge funds have recently changed their positions in the company. Rice Hall James & Associates LLC purchased a new equity interest in CaesarStone Sdot-Yam during the second quarter valued at approximately $ 9,127,000. Tocqueville Asset Management LP increased its stake in CaesarStone Sdot-Yam by 2,123.1% in the second quarter. Tocqueville Asset Management LP now owns 200,080 shares of the company valued at $ 6,955,000 after purchasing 191,080 additional shares during the last quarter. Ngam Advisors LP bought a new equity interest in CaesarStone Sdot-Yam during the second quarter valued at approximately $ 3,308,000. New York Mellon Corp. Bank bought a new stake in CaesarStone Sdot-Yam shares during the second quarter of approximately $ 1,841,000. Finally, California State Teachers Retirement System has bought a new stake in CaesarStone Sdot-Yam during the second quarter, worth about $ 1,737,000. Institutional investors own 64.10% of the shares of the company.
Migdal Insurance & Financial Holdings Ltd acquired a new position in CaesarStone Sdot-Yam Ltd. (NASDAQ: CSTE) during the second quarter, reports Holdings Channel.The institutional investor has acquired 550,000 shares of the company, valued at around 19 $ 118,000
CaesarStone Sdot-Yam Ltd. (NASDAQ: CSTE) rose 0.57% on Monday afternoon to $ 35.35 with a trading volume of 243,966 shares. has a 50-day moving average of $ 37.75 and a 200-day moving average of $ 37.54.The stock has a market capitalization of $ 1.23 billion, a P / E ratio of 16, 52 and a beta of 2.03 CaesarStone Sdot-Yam Ltd. has a 12-month low of $ 27.31 and a plus 12-month high of $ 43.52.
CaesarStone Sdot-Yam (NASDAQ: CSTE) released its financial results for the last time on Wednesday, August 3rd. The company reported earnings per share of $ 0.73 for the quarter, surpbading the consensus estimate of $ 0.65 per $ 0.08. CaesarStone Sdot-Yam recorded a return on equity of 19.69% and a net margin of 14.46%. The company achieved a turnover of $ 142.30 million for the quarter, against a consensus estimate of $ 139.53 million. In the same quarter of the previous year, the company earned $ 0.65 per share. Company revenue for the quarter increased 11.6% from one year to the next. On average, stock badysts expect CaesarStone Sdot-Yam Ltd. posted earnings per share of $ 2.56 for the current year.
Several stock badysts recently commented on CSTE shares. Zacks Investment Research upgraded CaesarStone Sdot-Yam from a "hold" rating to a "strong buy" rating and set a target price of $ 48.00 for the company in a research report on Friday, August 5th. TheStreet put CaesarStone Sdot-Yam from a "hold" rating to a "buy" rating in a research report on Monday, August 15th. Three equity research badysts gave a rating to the stock and four attributed a purchase rating to the stock. CaesarStone Sdot-Yam currently has an average rating of "Buy" and has an average price of $ 47.17.
About Caesarstone Sdot-Yam
Caesarstone Sdot-Yam Ltd. is a manufacturer of quartz surfaces. The company's products are manufactured quartz, which are installed as countertops in residential kitchens. Its products are mainly used as kitchen counters in the renovation, remodeling and residential construction markets.
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