Jane Street Group LLC Reduces Stock Position in Americas Silver Corp (NYSEAMERICAN:USAS)

Jane Street Group LLC reduced its stake in Americas Silver Corp (NYSEAMERICAN:USAS - Free Report) by 78.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,989 shares of the company's stock after selling 663,135 shares during the period. Jane Street Group LLC owned 0.07% of Americas Silver worth $57,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Americas Silver in the 3rd quarter valued at about $631,000. Renaissance Technologies LLC increased its position in Americas Silver by 2,806.1% during the second quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company's stock worth $286,000 after buying an additional 1,153,783 shares during the period. Finally, Hollencrest Capital Management lifted its stake in Americas Silver by 34.4% in the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company's stock valued at $372,000 after buying an additional 311,648 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and set a $0.80 price objective on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Price Performance

Shares of NYSEAMERICAN USAS traded up $0.01 during mid-day trading on Thursday, hitting $0.47. 781,410 shares of the company were exchanged, compared to its average volume of 537,341. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.42 and a quick ratio of 0.28. The company has a market cap of $115.92 million, a PE ratio of -2.60 and a beta of 1.17. Americas Silver Corp has a 1-year low of $0.20 and a 1-year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $21.02 million during the quarter. Americas Silver had a negative net margin of 44.76% and a negative return on equity of 67.24%. Sell-side analysts forecast that Americas Silver Corp will post -0.14 EPS for the current year.

Americas Silver Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.