MQS Management LLC Takes Position in Ternium S.A. (NYSE:TX)

MQS Management LLC acquired a new position in Ternium S.A. (NYSE:TX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,147 shares of the basic materials company's stock, valued at approximately $441,000.

Several other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC increased its stake in shares of Ternium by 28.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock worth $63,000 after acquiring an additional 482 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 653 shares during the last quarter. NewEdge Advisors LLC raised its stake in Ternium by 500.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Ternium by 249.5% in the fourth quarter. Headlands Technologies LLC now owns 1,681 shares of the basic materials company's stock worth $49,000 after buying an additional 1,200 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Ternium by 14.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,250 shares of the basic materials company's stock worth $298,000 after buying an additional 1,289 shares during the last quarter. Hedge funds and other institutional investors own 11.98% of the company's stock.

Ternium Stock Performance

TX traded down $0.17 during trading on Thursday, reaching $30.71. 153,655 shares of the company's stock were exchanged, compared to its average volume of 214,245. The stock has a market capitalization of $6.16 billion, a P/E ratio of -17.25 and a beta of 1.48. Ternium S.A. has a 1 year low of $24.00 and a 1 year high of $37.98. The company's fifty day simple moving average is $29.64 and its 200-day simple moving average is $29.56. 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 (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.22. The firm had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $4 billion. Ternium had a negative net margin of 2.07% and a positive return on equity of 0.29%. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. As a group, research analysts predict that Ternium S.A. will post 4.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Scotiabank cut their price objective on shares of Ternium from $53.00 to $41.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Bank of America reiterated an "underperform" rating and set a $25.00 price objective on shares of Ternium in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.25.

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.