Schonfeld Strategic Advisors LLC Has $1.81 Million Holdings in Teck Resources Limited (NYSE:TECK)

Schonfeld Strategic Advisors LLC cut its holdings in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 93.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,643 shares of the basic materials company's stock after selling 638,660 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Teck Resources were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TECK. Norges Bank bought a new stake in shares of Teck Resources in the 4th quarter valued at about $470,101,000. Swedbank AB bought a new stake in shares of Teck Resources in the 4th quarter valued at about $103,878,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Teck Resources in the 4th quarter valued at about $65,197,000. AMF Tjanstepension AB increased its stake in shares of Teck Resources by 32.2% in the 4th quarter. AMF Tjanstepension AB now owns 6,020,023 shares of the basic materials company's stock valued at $244,252,000 after acquiring an additional 1,467,516 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Teck Resources by 21.7% in the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock valued at $388,507,000 after acquiring an additional 1,326,241 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TECK shares. National Bankshares raised Teck Resources from a "sector perform" rating to an "outperform" rating in a research note on Thursday, April 24th. National Bank Financial raised Teck Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Bank of America upped their price target on Teck Resources from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Monday, March 10th. UBS Group reaffirmed a "neutral" rating on shares of Teck Resources in a research note on Tuesday, April 15th. Finally, Raymond James lowered their price target on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Teck Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.11.

Teck Resources Stock Up 3.2%

Shares of TECK traded up $1.10 during mid-day trading on Friday, hitting $35.81. 3,074,075 shares of the company's stock were exchanged, compared to its average volume of 3,126,661. The company has a market cap of $17.64 billion, a PE ratio of 65.11 and a beta of 0.79. Teck Resources Limited has a 52 week low of $28.32 and a 52 week high of $55.13. The company has a 50-day simple moving average of $36.36 and a 200 day simple moving average of $41.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.18. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $2.19 billion. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The business's quarterly revenue was up 41.4% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, research analysts forecast that Teck Resources Limited will post 1.53 earnings per share for the current fiscal year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.0901 per share. This is a boost from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, June 16th. Teck Resources's dividend payout ratio (DPR) is currently 58.62%.

Teck Resources Profile

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.