Wincap Financial LLC Buys 21,948 Shares of Ero Copper Corp. (NYSE:ERO)

Key Points

• Wincap Financial LLC increased its stake in Ero Copper Corp. by 29.4% during the first quarter, now owning approximately 0.09% of the company, valued at $1,170,000.
• In the fourth quarter, several hedge funds made significant investments in Ero Copper, increasing total institutional ownership to 71.30%.
• Ero Copper reported an earnings per share (EPS) of $0.35 for the last quarter, surpassing analyst expectations of $0.17, despite lower revenue than anticipated.

Wincap Financial LLC boosted its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 29.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,510 shares of the company's stock after purchasing an additional 21,948 shares during the quarter. Ero Copper comprises about 1.1% of Wincap Financial LLC's portfolio, making the stock its 27th biggest holding. Wincap Financial LLC owned approximately 0.09% of Ero Copper worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BTG Pactual Asset Management US LLC raised its holdings in Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock valued at $178,000 after acquiring an additional 1,473 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ero Copper by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 48,667 shares of the company's stock worth $662,000 after buying an additional 1,727 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Ero Copper by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 47,380 shares of the company's stock worth $638,000 after buying an additional 1,896 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Ero Copper by 8.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company's stock worth $430,000 after buying an additional 2,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Ero Copper by 5.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company's stock worth $668,000 after buying an additional 2,958 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Stock Performance

Shares of ERO traded up $0.54 on Thursday, reaching $13.52. 838,117 shares of the company's stock traded hands, compared to its average volume of 565,164. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.40 billion, a PE ratio of 79.50 and a beta of 1.18. The stock's 50 day simple moving average is $15.20 and its two-hundred day simple moving average is $13.60. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. On average, analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ERO shares. BMO Capital Markets reissued an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. Stifel Canada upgraded Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. TD Securities restated a "buy" rating on shares of Ero Copper in a research report on Wednesday, May 7th. Finally, National Bank Financial lowered Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.