Graham Capital Management L.P. Has $275,000 Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Graham Capital Management L.P. lowered its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 74.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,922 shares of the mining company's stock after selling 96,862 shares during the quarter. Graham Capital Management L.P.'s holdings in Hudbay Minerals were worth $275,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Hudbay Minerals in the 4th quarter valued at $50,260,000. Dimensional Fund Advisors LP lifted its stake in shares of Hudbay Minerals by 86.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock valued at $74,105,000 after acquiring an additional 4,253,400 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Hudbay Minerals in the 4th quarter valued at $17,657,000. American Century Companies Inc. lifted its stake in shares of Hudbay Minerals by 102.4% in the 4th quarter. American Century Companies Inc. now owns 4,275,895 shares of the mining company's stock valued at $34,684,000 after acquiring an additional 2,163,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Hudbay Minerals by 111.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company's stock valued at $30,602,000 after acquiring an additional 1,994,431 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.

Hudbay Minerals Trading Up 3.9%

Hudbay Minerals stock traded up $0.33 during trading hours on Friday, reaching $8.81. 5,754,774 shares of the company's stock were exchanged, compared to its average volume of 4,880,279. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm's 50 day simple moving average is $7.56 and its 200 day simple moving average is $8.12. Hudbay Minerals Inc. has a twelve month low of $5.95 and a twelve month high of $10.15. The firm has a market capitalization of $3.48 billion, a PE ratio of 48.95 and a beta of 1.56.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.14. The firm had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. Research analysts predict that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBM. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Desjardins began coverage on Hudbay Minerals in a research report on Friday, April 4th. They set a "buy" rating for the company. Wall Street Zen raised Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Thursday. Scotiabank reaffirmed an "outperform" rating on shares of Hudbay Minerals in a research report on Tuesday, May 13th. Finally, BMO Capital Markets began coverage on Hudbay Minerals in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $14.00.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.