PDT Partners LLC Has $1.21 Million Position in Hudbay Minerals Inc. (NYSE:HBM)

PDT Partners LLC decreased its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,597 shares of the mining company's stock after selling 44,785 shares during the quarter. PDT Partners LLC's holdings in Hudbay Minerals were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in Hudbay Minerals by 9,877.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after purchasing an additional 3,062 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Hudbay Minerals in the fourth quarter worth about $95,000. Hsbc Holdings PLC bought a new stake in Hudbay Minerals during the 4th quarter worth about $97,000. Advisory Services Network LLC bought a new position in shares of Hudbay Minerals in the 4th quarter valued at about $101,000. Finally, Smith Moore & CO. grew its position in shares of Hudbay Minerals by 28.4% during the 4th quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock worth $111,000 after buying an additional 3,032 shares during the period. Institutional investors and hedge funds own 57.82% of the company's stock.

Hudbay Minerals Stock Up 2.6 %

Shares of HBM stock traded up $0.20 during trading on Tuesday, reaching $7.61. The company's stock had a trading volume of 1,570,512 shares, compared to its average volume of 4,755,802. The business has a fifty day moving average price of $7.30 and a 200-day moving average price of $8.22. Hudbay Minerals Inc. has a one year low of $5.95 and a one year high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 42.25 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. Hudbay Minerals's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were issued a dividend of $0.007 per share. The ex-dividend date was Tuesday, March 4th. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. Hudbay Minerals's payout ratio is presently 5.56%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HBM. BMO Capital Markets initiated coverage on shares of Hudbay Minerals in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins started coverage on Hudbay Minerals in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals currently has an average rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.