14,147 Shares in Ternium S.A. (NYSE:TX) Bought by MQS Management LLC

MQS Management LLC purchased a new position in shares of Ternium S.A. (NYSE:TX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,147 shares of the basic materials company's stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in Ternium by 500.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Ternium by 249.5% during the 4th quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock worth $49,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ternium by 51.8% during the 1st quarter. GAMMA Investing LLC now owns 1,913 shares of the basic materials company's stock valued at $60,000 after purchasing an additional 653 shares during the last quarter. Aquatic Capital Management LLC boosted its position in Ternium by 28.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock valued at $63,000 after buying an additional 482 shares in the last quarter. Finally, Cornerstone Select Advisors LLC bought a new stake in Ternium during the fourth quarter worth about $215,000. Institutional investors own 11.98% of the company's stock.

Ternium Stock Performance

Shares of TX stock opened at $32.47 on Monday. The stock has a market cap of $6.51 billion, a PE ratio of -18.24 and a beta of 1.48. The stock has a 50-day moving average of $29.50 and a 200-day moving average of $29.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.00 and a quick ratio of 1.76. Ternium S.A. has a one year low of $24.00 and a one year high of $37.98.

Ternium (NYSE:TX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.33 by $0.22. Ternium had a positive return on equity of 0.29% and a negative net margin of 2.07%. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the business posted $1.84 EPS. The firm's revenue was down 17.7% compared to the same quarter last year. As a group, sell-side analysts expect that Ternium S.A. will post 4.37 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on TX shares. The Goldman Sachs Group decreased their price target on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Bank of America restated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th.

Ternium Company Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.

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