Aquatic Capital Management LLC Cuts Stake in Southern Copper Co. (NYSE:SCCO)

Aquatic Capital Management LLC lessened its stake in Southern Copper Co. (NYSE:SCCO - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,237 shares of the basic materials company's stock after selling 35,563 shares during the quarter. Aquatic Capital Management LLC's holdings in Southern Copper were worth $3,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SCCO. Virtus ETF Advisers LLC increased its holdings in shares of Southern Copper by 15.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 1,717 shares of the basic materials company's stock worth $156,000 after purchasing an additional 233 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of Southern Copper by 104.9% during the fourth quarter. Nebula Research & Development LLC now owns 5,089 shares of the basic materials company's stock valued at $464,000 after buying an additional 2,605 shares during the last quarter. Voya Investment Management LLC increased its holdings in Southern Copper by 11.0% in the 4th quarter. Voya Investment Management LLC now owns 12,536 shares of the basic materials company's stock worth $1,142,000 after buying an additional 1,244 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Southern Copper by 0.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,700,844 shares of the basic materials company's stock worth $337,260,000 after buying an additional 15,037 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Southern Copper by 974.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,633 shares of the basic materials company's stock valued at $331,000 after acquiring an additional 3,295 shares during the period. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Stock Down 1.7 %

SCCO stock opened at $94.18 on Monday. The business's 50-day moving average price is $90.73 and its 200-day moving average price is $97.10. The stock has a market cap of $74.98 billion, a P/E ratio of 21.80, a PEG ratio of 1.90 and a beta of 1.04. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64. Southern Copper Co. has a twelve month low of $74.84 and a twelve month high of $127.34.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, equities research analysts forecast that Southern Copper Co. will post 4.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SCCO shares. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Scotiabank increased their price target on Southern Copper from $52.00 to $72.00 and gave the company a "sector underperform" rating in a report on Monday, March 10th. Finally, UBS Group cut their price objective on Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $91.50.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.

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