Caesarstone Ltd. $CSTE Holdings Decreased by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. decreased its holdings in shares of Caesarstone Ltd. (NASDAQ:CSTE) by 74.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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. owned 0.45% of Caesarstone worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Caesarstone during the second quarter valued at $263,000. Citadel Advisors LLC grew its holdings in shares of Caesarstone by 163.7% during the third quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock valued at $101,000 after buying an additional 39,474 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Caesarstone during the second quarter valued at $56,000. Pitcairn Co. purchased a new position in shares of Caesarstone during the second quarter valued at $31,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Caesarstone during the third quarter valued at $89,000. Hedge funds and other institutional investors own 33.70% of the company’s stock.

Caesarstone Price Performance

Shares of NASDAQ CSTE opened at $1.58 on Friday. The business’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $1.53. Caesarstone Ltd. has a one year low of $0.56 and a one year high of $2.58. The company has a market capitalization of $54.62 million, a P/E ratio of -0.37 and a beta of 0.23.

Caesarstone (NASDAQ:CSTE) last issued its earnings results on Wednesday, May 13th. The construction company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $88.71 million for the quarter, compared to the consensus estimate of $97.80 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Caesarstone from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Caesarstone

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.