Jump Financial LLC Has $9.06 Million Stock Holdings in Teck Resources Limited (NYSE:TECK)

Jump Financial LLC raised its position in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 63.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,529 shares of the basic materials company's stock after acquiring an additional 86,566 shares during the period. Jump Financial LLC's holdings in Teck Resources were worth $9,060,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Teck Resources during the 4th quarter worth $25,000. FPC Investment Advisory Inc. acquired a new position in Teck Resources in the fourth quarter valued at about $27,000. Global Trust Asset Management LLC acquired a new stake in Teck Resources during the fourth quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in Teck Resources during the third quarter worth about $40,000. Finally, Community Bank N.A. bought a new position in Teck Resources in the 4th quarter valued at about $33,000. Institutional investors own 78.06% of the company's stock.

Teck Resources Trading Down 1.3 %

Shares of NYSE TECK traded down $0.43 during midday trading on Monday, reaching $32.48. The stock had a trading volume of 525,926 shares, compared to its average volume of 3,172,387. Teck Resources Limited has a twelve month low of $28.32 and a twelve month high of $55.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The company's 50 day moving average price is $38.42 and its 200 day moving average price is $42.69. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 59.06 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2.58 billion. As a group, sell-side analysts expect that Teck Resources Limited will post 1.53 EPS for the current year.

Teck Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.0879 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, March 14th. Teck Resources's payout ratio is 61.82%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of Teck Resources from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Veritas upgraded Teck Resources to a "hold" rating in a research report on Friday, April 11th. UBS Group reiterated a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. Raymond James reduced their price target on shares of Teck Resources from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. Finally, Desjardins assumed coverage on shares of Teck Resources in a research note on Friday, April 4th. They issued a "buy" rating for the company. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Teck Resources has a consensus rating of "Moderate Buy" and an average price target of $64.11.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.