Voloridge Investment Management LLC Has $2.03 Million Stock Position in Ternium S.A. (NYSE:TX)

Voloridge Investment Management LLC lowered its position in shares of Ternium S.A. (NYSE:TX - Free Report) by 55.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,831 shares of the basic materials company's stock after selling 87,777 shares during the quarter. Voloridge Investment Management LLC's holdings in Ternium were worth $2,031,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TX. Donald Smith & CO. Inc. increased its stake in shares of Ternium by 19.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,022,803 shares of the basic materials company's stock valued at $87,903,000 after buying an additional 483,052 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Ternium in the fourth quarter valued at $4,112,000. Woodline Partners LP increased its stake in shares of 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. Ninety One UK Ltd increased its stake in shares of Ternium by 2.9% in the fourth quarter. Ninety One UK Ltd now owns 2,417,909 shares of the basic materials company's stock valued at $70,313,000 after buying an additional 68,366 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Ternium in the fourth quarter valued at $856,000. Institutional investors and hedge funds own 11.98% of the company's stock.

Ternium Trading Down 2.0%

TX stock traded down $0.57 during midday trading on Friday, reaching $27.39. The stock had a trading volume of 198,650 shares, compared to its average volume of 216,625. The business has a fifty day simple moving average of $28.35 and a two-hundred day simple moving average of $29.87. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of -97.82, a PEG ratio of 0.38 and a beta of 1.53. Ternium S.A. has a twelve month low of $24.00 and a twelve month high of $43.57.

Ternium (NYSE:TX - Get Free Report) last announced 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 firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4 billion. Ternium had a positive return on equity of 1.82% and a negative net margin of 0.31%. The company's revenue was down 17.7% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. As a group, research analysts expect that Ternium S.A. will post 4.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TX has been the subject of a number of research reports. Bank of America restated an "underperform" rating and issued a $25.00 target price on shares of Ternium in a research note on Monday, April 7th. The Goldman Sachs Group lowered their target price on Ternium from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group initiated coverage on Ternium in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $32.00 target price for the company.

Ternium Company 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.