38,136 Shares in Ero Copper Corp. $ERO Acquired by Sei Investments Co.

Key Points

• Sei Investments acquired 38,136 Ero Copper shares during the first quarter, worth approximately $1.02 million. Institutional investors and hedge funds collectively own 71.3% of the company.
• Analyst sentiment is generally positive: Ero Copper has an average “Moderate Buy” rating and a consensus price target of $32.33, with Bank of America recently upgrading the stock to “buy” and raising its target to $34.
• Ero Copper exceeded quarterly expectations, reporting $0.83 in earnings per share versus the $0.74 estimate and revenue of $284.3 million versus the $277.6 million forecast.

Sei Investments Co. acquired a new stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 38,136 shares of the company's stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds have also bought and sold shares of ERO. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ero Copper in the fourth quarter worth $38,000. Kestra Advisory Services LLC purchased a new stake in Ero Copper in the fourth quarter valued at $56,000. Banque Cantonale Vaudoise acquired a new stake in Ero Copper during the 3rd quarter worth about $111,000. SG Americas Securities LLC acquired a new stake in Ero Copper during the 4th quarter worth about $115,000. Finally, Shay Capital LLC purchased a new position in shares of Ero Copper during the 3rd quarter valued at about $202,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERO has been the subject of several analyst reports. Bank of America raised Ero Copper from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $30.00 to $34.00 in a report on Thursday, July 16th. Bradesco Corretora upgraded Ero Copper to an "outperform" rating in a research report on Monday, July 20th. Wall Street Zen raised Ero Copper from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. TD Securities reissued a "hold" rating on shares of Ero Copper in a report on Friday, August 7th. Finally, Scotiabank restated an "outperform" rating on shares of Ero Copper in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.33.

Ero Copper Trading Down 0.8%

Shares of Ero Copper stock opened at $36.00 on Thursday. The firm has a 50-day simple moving average of $27.70 and a two-hundred day simple moving average of $28.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30. Ero Copper Corp. has a fifty-two week low of $13.37 and a fifty-two week high of $39.80. The company has a market cap of $3.75 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.09. The firm had revenue of $284.30 million for the quarter, compared to analysts' expectations of $277.64 million. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%. As a group, equities analysts predict that Ero Copper Corp. will post 4.02 earnings per share for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

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