Letko Brosseau & Associates Inc. lessened its stake in Hudbay Minerals Inc. (NYSE:HBM – Free Report) (TSE:HBM) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,455,192 shares of the mining company’s stock after selling 512,270 shares during the period. Hudbay Minerals makes up about 1.5% of Letko Brosseau & Associates Inc.’s holdings, making the stock its 24th biggest holding. Letko Brosseau & Associates Inc. owned 6.28% of Hudbay Minerals worth $78,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Hudbay Minerals by 290.9% in the second quarter. Osaic Holdings Inc. now owns 8,185 shares of the mining company’s stock worth $39,000 after acquiring an additional 6,091 shares in the last quarter. Grayhawk Investment Strategies Inc. boosted its holdings in shares of Hudbay Minerals by 7,178.0% in the 1st quarter. Grayhawk Investment Strategies Inc. now owns 5,968 shares of the mining company’s stock worth $42,000 after purchasing an additional 5,886 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of Hudbay Minerals during the 2nd quarter valued at about $52,000. Deutsche Bank AG purchased a new position in shares of Hudbay Minerals during the 4th quarter valued at about $55,000. Finally, Envestnet Asset Management Inc. bought a new stake in Hudbay Minerals in the 2nd quarter worth approximately $60,000. Institutional investors own 60.26% of the company’s stock.
Hudbay Minerals Trading Up 4.4 %
HBM traded up $0.19 during trading on Monday, hitting $4.51. 643,763 shares of the stock traded hands, compared to its average volume of 2,564,804. The firm has a market capitalization of $1.57 billion, a P/E ratio of 144.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.98. Hudbay Minerals Inc. has a 12-month low of $3.94 and a 12-month high of $6.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.78. The firm has a 50-day moving average of $4.54 and a 200 day moving average of $4.82.
Analyst Upgrades and Downgrades
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.
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