Ternium S.A. (NYSE:TX) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 4,630.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 59,609 shares of the basic materials company's stock after acquiring an additional 58,349 shares during the period. GAMMA Investing LLC's holdings in Ternium were worth $1,913,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Ternium by 15.5% in the 4th quarter. Wellington Management Group LLP now owns 208,827 shares of the basic materials company's stock valued at $6,073,000 after buying an additional 28,054 shares in the last quarter. Woodline Partners LP lifted its stake in Ternium by 28.0% during the fourth quarter. Woodline Partners LP now owns 365,693 shares of the basic materials company's stock valued at $10,634,000 after buying an additional 79,935 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in Ternium during the fourth quarter valued at about $856,000. PointState Capital LP purchased a new stake in Ternium during the fourth quarter valued at about $4,112,000. Finally, Millennium Management LLC lifted its stake in Ternium by 70.8% during the fourth quarter. Millennium Management LLC now owns 18,947 shares of the basic materials company's stock valued at $551,000 after buying an additional 7,853 shares in the last quarter. Institutional investors own 11.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group initiated coverage on shares of Ternium in a research note on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price objective for the company. The Goldman Sachs Group reduced their price target on shares of Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Bank of America reissued an "underperform" rating and issued a $25.00 price target on shares of Ternium in a research report on Monday, April 7th.

Ternium Trading Up 3.3%

NYSE:TX opened at $29.95 on Friday. The stock's 50 day moving average price is $28.21 and its 200 day moving average price is $29.55. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $38.40. The company has a market capitalization of $6.00 billion, a P/E ratio of -106.96, a P/E/G ratio of 0.38 and a beta of 1.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.88.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.22. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The firm's revenue was down 17.7% on a year-over-year basis. On average, research analysts forecast that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Ternium 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.

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