Tidal Investments LLC Lowers Position in Americas Silver Corp (NYSEAMERICAN:USAS)

Tidal Investments LLC decreased its holdings in shares of Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,868,371 shares of the company's stock after selling 1,030,084 shares during the quarter. Tidal Investments LLC owned 2.37% of Americas Silver worth $2,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NewGen Asset Management Ltd bought a new position in Americas Silver in the fourth quarter valued at $2,206,000. Sprott Inc. bought a new stake in Americas Silver during the fourth quarter worth about $2,099,000. Merk Investments LLC boosted its holdings 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 worth $1,050,000 after purchasing an additional 50,000 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Americas Silver by 46.8% during 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 during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Americas Silver by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,216,200 shares of the company's stock valued at $457,000 after purchasing an additional 202,600 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

Americas Silver Price Performance

Shares of NYSEAMERICAN USAS opened at $0.60 on Friday. Americas Silver Corp has a 1 year low of $0.21 and a 1 year high of $0.65. The stock has a market capitalization of $147.93 million, a PE ratio of -3.32 and a beta of 1.20. The company's 50-day moving average is $0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. HC Wainwright boosted their target price on Americas Silver from $0.90 to $1.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Cormark upgraded shares of Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd.

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.

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