22,476 Shares in Ternium S.A. $TX Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired a new stake in Ternium S.A., purchasing 22,476 shares worth approximately $700,000 in the first quarter.
• Recent analyst ratings have shown mixed sentiments towards Ternium, with two "buy" ratings, two "hold" ratings, and two "sell" ratings, and a consensus price target of $32.83.
• Ternium reported an EPS of $1.28 for the last quarter, exceeding analyst estimates, but the revenue of $3.95 billion fell short of expectations and marked a 12.6% decline from the previous year.

Jump Financial LLC acquired a new stake in Ternium S.A. (NYSE:TX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,476 shares of the basic materials company's stock, valued at approximately $700,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position 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 purchasing an additional 1,000 shares during the period. GAMMA Investing LLC increased its stake in shares of Ternium by 51.8% in 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 raised its holdings in shares of Ternium by 28.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,182 shares of the basic materials company's stock worth $63,000 after buying an additional 482 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Ternium by 201,700.0% during the 1st quarter. Brooklyn Investment Group now owns 2,018 shares of the basic materials company's stock worth $63,000 after buying an additional 2,017 shares during the last quarter. Finally, Cornerstone Select Advisors LLC acquired a new stake in Ternium in the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley cut shares of Ternium from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective for the company. in a research report on Monday, July 21st. Scotiabank dropped their price target on Ternium from $41.00 to $40.00 and set a "sector outperform" rating for the company in a research note on Wednesday. Wall Street Zen raised Ternium from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Finally, Wells Fargo & Company raised Ternium to a "strong sell" rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Ternium has a consensus rating of "Hold" and an average price target of $32.67.

Ternium Trading Down 0.4%

NYSE TX traded down $0.15 during trading hours on Thursday, hitting $33.63. 60,874 shares of the company's stock were exchanged, compared to its average volume of 226,714. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 11.10 and a beta of 1.47. The stock has a 50-day simple moving average of $31.96 and a 200 day simple moving average of $30.20. The company has a current ratio of 2.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.12. Ternium S.A. has a 1-year low of $24.00 and a 1-year high of $37.98.

Ternium (NYSE:TX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The basic materials company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.66 by $0.62. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.19 billion. Ternium had a return on equity of 1.95% and a net margin of 3.66%.The firm's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS. On average, equities analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

About Ternium

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.