Millennium Management LLC Trims Stock Position in Americas Silver Corp (NYSEAMERICAN:USAS)

Millennium Management LLC trimmed its stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,868,621 shares of the company's stock after selling 418,494 shares during the period. Millennium Management LLC owned about 1.16% of Americas Silver worth $1,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewGen Asset Management Ltd purchased a new position in Americas Silver in the fourth quarter valued at $2,206,000. Sprott Inc. acquired a new stake in shares of Americas Silver during the 4th quarter valued at about $2,099,000. Merk Investments LLC increased its stake in shares of Americas Silver by 1.9% in the 4th quarter. Merk Investments LLC now owns 2,751,028 shares of the company's stock valued at $1,050,000 after purchasing an additional 50,000 shares in the last quarter. Hollencrest Capital Management increased its stake in shares of Americas Silver by 46.8% in the 4th quarter. Hollencrest Capital Management now owns 1,787,017 shares of the company's stock valued at $672,000 after purchasing an additional 569,941 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Americas Silver by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock worth $457,000 after purchasing an additional 202,600 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Americas Silver Stock Up 0.2%

Shares of NYSEAMERICAN USAS traded up $0.00 during trading on Friday, hitting $0.84. The company had a trading volume of 2,277,216 shares, compared to its average volume of 1,126,179. The firm has a market capitalization of $209.05 million, a price-to-earnings ratio of -4.69 and a beta of 1.20. The firm's fifty day simple moving average is $0.59. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. Americas Silver Corp has a fifty-two week low of $0.21 and a fifty-two week high of $0.87.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price objective on Americas Silver from $0.90 to $1.00 and gave the company a "buy" rating in a research report on Friday, March 28th.

Americas Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.