Teck Resources Limited (NYSE:TECK) Shares Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its holdings in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 709.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the basic materials company's stock after acquiring an additional 14,900 shares during the quarter. FNY Investment Advisers LLC's holdings in Teck Resources were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Teck Resources by 21.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock worth $388,507,000 after buying an additional 1,326,241 shares during the period. CIBC Asset Management Inc increased its stake in Teck Resources by 2.6% during the 3rd quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company's stock worth $341,337,000 after buying an additional 165,759 shares during the period. Mackenzie Financial Corp increased its stake in Teck Resources by 10.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company's stock worth $280,655,000 after buying an additional 546,801 shares during the period. AMF Tjanstepension AB increased its stake in Teck Resources by 3.9% during the 3rd quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company's stock worth $238,055,000 after buying an additional 169,476 shares during the period. Finally, FMR LLC increased its stake in Teck Resources by 72.8% during the 3rd quarter. FMR LLC now owns 3,634,430 shares of the basic materials company's stock worth $189,848,000 after buying an additional 1,531,563 shares during the period. Institutional investors and hedge funds own 78.06% of the company's stock.

Teck Resources Stock Performance

Shares of NYSE:TECK traded up $0.28 during trading on Tuesday, reaching $42.51. 2,116,084 shares of the company's stock traded hands, compared to its average volume of 2,283,936. 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 Limited has a 12 month low of $36.50 and a 12 month high of $55.13. The company has a 50 day moving average of $44.27 and a 200-day moving average of $46.79. The stock has a market capitalization of $21.31 billion, a P/E ratio of 64.41 and a beta of 1.05.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.24. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The company's revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, equities analysts expect that Teck Resources Limited will post 1.81 EPS for the current year.

Teck Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.0895 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 13th. Teck Resources's payout ratio is 53.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TECK shares. Citigroup raised shares of Teck Resources to a "hold" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of Teck Resources from $57.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. UBS Group downgraded shares of Teck Resources from a "buy" rating to a "neutral" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 target price for the company. in a research report on Friday, October 25th. Finally, Scotiabank boosted their target price on shares of Teck Resources from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.29.

Teck Resources Company 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.