Trexquant Investment LP Takes Position in Hudbay Minerals Inc. (NYSE:HBM)

Trexquant Investment LP acquired a new position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 213,012 shares of the mining company's stock, valued at approximately $1,725,000. Trexquant Investment LP owned approximately 0.05% of Hudbay Minerals as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Hudbay Minerals by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 190,940 shares of the mining company's stock worth $1,565,000 after acquiring an additional 6,973 shares in the last quarter. Franklin Resources Inc. raised its holdings in Hudbay Minerals by 154.5% in the fourth quarter. Franklin Resources Inc. now owns 676,995 shares of the mining company's stock worth $5,484,000 after purchasing an additional 410,945 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Hudbay Minerals by 3.9% during the fourth quarter. Alliancebernstein L.P. now owns 72,730 shares of the mining company's stock valued at $589,000 after buying an additional 2,740 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Hudbay Minerals during the 4th quarter worth approximately $1,417,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Hudbay Minerals by 111.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company's stock valued at $30,602,000 after acquiring an additional 1,994,431 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 Stock Performance

Hudbay Minerals stock traded up $0.22 during trading hours on Monday, hitting $7.12. 757,314 shares of the stock traded hands, compared to its average volume of 4,616,824. The firm's 50 day moving average price is $7.69 and its 200-day moving average price is $8.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 39.55 and a beta of 1.62. Hudbay Minerals Inc. has a 1 year low of $5.95 and a 1 year high of $10.49.

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 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. As a group, equities analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were given a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 4th. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's dividend payout ratio is currently 5.56%.

Analysts Set New Price Targets

HBM has been the subject of a number of recent analyst reports. StockNews.com raised Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Desjardins began coverage on Hudbay Minerals in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $14.00.

About Hudbay Minerals

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.