Kapitalo Investimentos Ltda Raises Holdings in Ero Copper Corp. (NYSE:ERO)

Kapitalo Investimentos Ltda boosted its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,767 shares of the company's stock after buying an additional 65,997 shares during the period. Ero Copper accounts for approximately 5.2% of Kapitalo Investimentos Ltda's portfolio, making the stock its 7th biggest holding. Kapitalo Investimentos Ltda owned about 0.56% of Ero Copper worth $7,802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ERO. Synergy Asset Management LLC acquired a new position in Ero Copper in the fourth quarter valued at $78,000. Northwest & Ethical Investments L.P. grew its holdings in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after purchasing an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper during the 4th quarter worth approximately $125,000. TD Waterhouse Canada Inc. raised its stake in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after acquiring an additional 6,000 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Ero Copper during the 4th quarter valued at $162,000. Hedge funds and other institutional investors own 71.30% of the company's stock.

Ero Copper Stock Performance

Shares of ERO stock traded up $0.23 during mid-day trading on Friday, reaching $12.78. The stock had a trading volume of 327,878 shares, compared to its average volume of 397,952. The firm has a market cap of $1.32 billion, a PE ratio of 75.18 and a beta of 1.10. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a one year low of $9.30 and a one year high of $24.34. The firm's 50 day simple moving average is $11.97 and its 200 day simple moving average is $13.96.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. On average, analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ERO shares. BMO Capital Markets assumed coverage on shares of Ero Copper in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Desjardins began coverage on Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $26.33.

Ero Copper Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.