GAMMA Investing LLC Acquires 58,349 Shares of Ternium S.A. (NYSE:TX)

GAMMA Investing LLC boosted its stake in shares of Ternium S.A. (NYSE:TX - Free Report) by 4,630.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its holdings in shares of Ternium by 19.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after purchasing an additional 483,052 shares in the last quarter. PointState Capital LP bought a new stake in shares of Ternium during the 4th quarter worth $4,112,000. Woodline Partners LP boosted its stake in Ternium by 28.0% in 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 bought a new position in Ternium in the fourth quarter valued at about $856,000. Finally, Renaissance Technologies LLC raised its stake in Ternium by 10.4% during the fourth quarter. Renaissance Technologies LLC now owns 304,400 shares of the basic materials company's stock worth $8,852,000 after acquiring an additional 28,700 shares in the last quarter. Institutional investors own 11.98% of the company's stock.

Analyst Upgrades and Downgrades

TX has been the topic of several research reports. UBS Group initiated coverage on shares of Ternium in a report on Wednesday, March 12th. They set a "neutral" rating and a $32.00 price target on the stock. Bank of America reiterated an "underperform" rating and set a $25.00 price target on shares of Ternium in a report on Monday, April 7th. Finally, The Goldman Sachs Group cut their price objective on Ternium from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd.

Ternium Trading Up 0.3%

NYSE TX traded up $0.09 during trading hours on Tuesday, reaching $29.95. The company's stock had a trading volume of 245,077 shares, compared to its average volume of 212,022. The firm has a fifty day simple moving average of $28.39 and a 200-day simple moving average of $29.48. The stock has a market cap of $6.00 billion, a P/E ratio of -16.83 and a beta of 1.48. Ternium S.A. has a 52 week low of $24.00 and a 52 week high of $38.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.00 and a quick ratio of 1.76.

Ternium (NYSE:TX - Get Free Report) last posted 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. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4 billion. Ternium had a positive return on equity of 0.29% and a negative net margin of 2.07%. The firm's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. Equities analysts forecast that Ternium S.A. will post 4.37 earnings per share 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.