Hudbay Minerals Inc. (NYSE:HBM) Shares Bought by Man Group plc

Man Group plc increased its position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,260,362 shares of the mining company's stock after acquiring an additional 122,175 shares during the period. Man Group plc owned about 0.57% of Hudbay Minerals worth $18,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Galibier Capital Management Ltd. lifted its position in shares of Hudbay Minerals by 3.7% during the fourth quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company's stock worth $21,188,000 after purchasing an additional 92,324 shares in the last quarter. Artemis Investment Management LLP increased its stake in Hudbay Minerals by 13.3% during the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock worth $20,858,000 after buying an additional 301,455 shares during the period. Strong Tower Advisory Services lifted its holdings in Hudbay Minerals by 5.5% during the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company's stock worth $528,000 after buying an additional 3,388 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock worth $169,000 after buying an additional 5,064 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Hudbay Minerals by 83.8% in the 4th quarter. Blue Trust Inc. now owns 46,749 shares of the mining company's stock valued at $379,000 after buying an additional 21,310 shares during the period. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Hudbay Minerals Stock Down 0.3%

Shares of Hudbay Minerals stock traded down $0.03 during trading on Thursday, hitting $8.45. 1,589,125 shares of the stock were exchanged, compared to its average volume of 4,915,589. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 46.97 and a beta of 1.56. The firm's 50-day moving average price is $7.54 and its 200 day moving average price is $8.13. Hudbay Minerals Inc. has a 12-month low of $5.95 and a 12-month high of $10.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.14. The company had revenue of $594.90 million for the quarter, compared to analysts' expectations of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. Hudbay Minerals's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. As a group, analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Scotiabank reaffirmed an "outperform" rating on shares of Hudbay Minerals in a research report on Tuesday, May 13th. BMO Capital Markets assumed coverage on Hudbay Minerals in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Desjardins began coverage on Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Wall Street Zen upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $14.00.

About Hudbay Minerals

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.