Quantbot Technologies LP Acquires 14,165 Shares of Southern Copper Co. (NYSE:SCCO)

Quantbot Technologies LP increased its holdings in Southern Copper Co. (NYSE:SCCO - Free Report) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,584 shares of the basic materials company's stock after buying an additional 14,165 shares during the period. Southern Copper accounts for 0.5% of Quantbot Technologies LP's holdings, making the stock its 11th largest position. Quantbot Technologies LP's holdings in Southern Copper were worth $13,601,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in shares of Southern Copper by 10.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,963,572 shares of the basic materials company's stock valued at $342,796,000 after purchasing an additional 283,562 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Southern Copper by 3.3% in the 3rd quarter. Empower Advisory Group LLC now owns 1,004,060 shares of the basic materials company's stock valued at $116,140,000 after purchasing an additional 32,314 shares during the last quarter. Marathon Asset Management Ltd boosted its position in Southern Copper by 2.9% in the third quarter. Marathon Asset Management Ltd now owns 788,672 shares of the basic materials company's stock valued at $91,226,000 after buying an additional 22,437 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Southern Copper by 0.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 630,579 shares of the basic materials company's stock worth $67,939,000 after buying an additional 4,580 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Southern Copper by 21.7% during the third quarter. Los Angeles Capital Management LLC now owns 539,495 shares of the basic materials company's stock worth $62,403,000 after buying an additional 96,210 shares in the last quarter. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Stock Down 3.4 %

NYSE SCCO traded down $3.43 during mid-day trading on Tuesday, hitting $98.58. The company's stock had a trading volume of 839,365 shares, compared to its average volume of 1,138,465. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company's 50 day simple moving average is $110.29 and its 200 day simple moving average is $108.90. Southern Copper Co. has a twelve month low of $70.63 and a twelve month high of $129.79. The firm has a market capitalization of $77.44 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.03 and a beta of 1.18.

Southern Copper Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.62 per share. This represents a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, November 6th. Southern Copper's dividend payout ratio is currently 72.09%.

Wall Street Analyst Weigh In

SCCO has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on Southern Copper from $97.00 to $100.00 and gave the company an "underweight" rating in a research note on Thursday, September 19th. Citigroup upped their price target on shares of Southern Copper from $99.44 to $100.00 and gave the company a "sell" rating in a research report on Wednesday, October 2nd. Finally, Scotiabank cut their target price on Southern Copper from $54.00 to $52.00 and set a "sector underperform" rating on the stock in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Southern Copper has an average rating of "Hold" and an average target price of $90.63.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.