Aigen Investment Management LP lowered its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 70.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,535 shares of the mining company's stock after selling 102,382 shares during the quarter. Aigen Investment Management LP's holdings in Hudbay Minerals were worth $400,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new stake in Hudbay Minerals during the 3rd quarter worth $53,000. Clear Harbor Asset Management LLC bought a new stake in Hudbay Minerals in the third quarter valued at about $92,000. Ritholtz Wealth Management bought a new stake in Hudbay Minerals in the second quarter valued at about $96,000. Armistice Capital LLC acquired a new position in Hudbay Minerals in the second quarter valued at about $97,000. Finally, Liontrust Investment Partners LLP bought a new position in Hudbay Minerals during the second quarter worth about $100,000. Institutional investors and hedge funds own 57.82% of the company's stock.
Hudbay Minerals Trading Down 0.1 %
Shares of HBM traded down $0.01 during trading hours on Friday, hitting $8.52. 2,600,431 shares of the stock were exchanged, compared to its average volume of 3,117,713. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49. The business has a 50-day moving average of $8.79 and a 200-day moving average of $8.68. Hudbay Minerals Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $10.49. The firm has a market capitalization of $3.35 billion, a P/E ratio of 37.05 and a beta of 1.78.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. StockNews.com lowered shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $11.17.
View Our Latest Analysis on HBM
Hudbay Minerals Profile
(
Free Report)
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.
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