Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,083,298 shares of the mining company's stock after selling 43,643 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.27% of Hudbay Minerals worth $8,783,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter worth approximately $28,000. Bank of Montreal Can grew its holdings in Hudbay Minerals by 23.1% in the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock valued at $71,308,000 after purchasing an additional 1,441,991 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Hudbay Minerals by 9.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company's stock valued at $12,395,000 after purchasing an additional 117,275 shares during the last quarter. FMR LLC increased its position in shares of Hudbay Minerals by 0.7% in the third quarter. FMR LLC now owns 354,392 shares of the mining company's stock valued at $3,260,000 after buying an additional 2,624 shares in the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Hudbay Minerals by 124.2% during the 3rd quarter. Bridgewater Associates LP now owns 764,988 shares of the mining company's stock worth $7,044,000 after buying an additional 423,748 shares during the last quarter. Hedge funds and other institutional investors own 57.82% of the company's stock.

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Hudbay Minerals Trading Down 4.9 %

Shares of HBM traded down $0.42 on Wednesday, hitting $8.05. 4,673,229 shares of the stock traded hands, compared to its average volume of 4,041,852. Hudbay Minerals Inc. has a 1 year low of $6.42 and a 1 year high of $10.49. The firm has a market capitalization of $3.18 billion, a P/E ratio of 44.70 and a beta of 1.72. The stock's 50 day moving average is $8.12 and its two-hundred day moving average is $8.52. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data 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). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $584.90 million for the quarter, compared to analysts' expectations of $588.28 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The company's revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

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

Analyst Upgrades and Downgrades

HBM has been the topic of a number of research reports. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $11.50.

Hudbay Minerals 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.