Quantbot Technologies LP Has $224,000 Stake in Ternium S.A. (NYSE:TX)

Quantbot Technologies LP raised its stake in Ternium S.A. (NYSE:TXFree Report) by 63.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,615 shares of the basic materials company’s stock after acquiring an additional 2,173 shares during the quarter. Quantbot Technologies LP’s holdings in Ternium were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its stake in Ternium by 29.0% in the fourth quarter. Lazard Asset Management LLC now owns 3,681,706 shares of the basic materials company’s stock valued at $112,512,000 after acquiring an additional 827,276 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Ternium by 20.5% during the 3rd quarter. Ninety One UK Ltd now owns 1,715,948 shares of the basic materials company’s stock valued at $68,466,000 after buying an additional 291,825 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Ternium by 48.7% during the 3rd quarter. Victory Capital Management Inc. now owns 966,286 shares of the basic materials company’s stock valued at $38,555,000 after buying an additional 316,432 shares in the last quarter. Ninety One North America Inc. lifted its stake in shares of Ternium by 43.4% during the 3rd quarter. Ninety One North America Inc. now owns 762,792 shares of the basic materials company’s stock valued at $30,435,000 after buying an additional 231,034 shares in the last quarter. Finally, Towle & Co. lifted its stake in shares of Ternium by 4.2% during the 2nd quarter. Towle & Co. now owns 583,220 shares of the basic materials company’s stock valued at $23,125,000 after buying an additional 23,430 shares in the last quarter. 12.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research note on Friday, January 12th. Bank of America upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, November 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ternium presently has an average rating of “Buy” and an average target price of $49.30.

Check Out Our Latest Stock Report on TX

Ternium Price Performance

Shares of NYSE:TX opened at $37.51 on Friday. The company’s fifty day moving average price is $40.26 and its 200-day moving average price is $39.63. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 0.91 and a beta of 1.69. Ternium S.A. has a one year low of $35.22 and a one year high of $45.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.25 and a quick ratio of 1.94.

Ternium Profile

(Free Report)

Ternium SA, together with its subsidiaries, manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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