Sequoia Financial Advisors LLC lessened its holdings in shares of Teck Resources Limited (NYSE:TECK – Free Report) (TSE:TECK) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,530 shares of the basic materials company’s stock after selling 285 shares during the period. Sequoia Financial Advisors LLC’s holdings in Teck Resources were worth $498,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in shares of Teck Resources by 143.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 656 shares of the basic materials company’s stock worth $30,000 after buying an additional 386 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Teck Resources in the second quarter worth $38,000. Bruce G. Allen Investments LLC raised its position in shares of Teck Resources by 77.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 383 shares during the last quarter. Blue Trust Inc. raised its position in shares of Teck Resources by 583.1% in the 2nd quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Teck Resources by 69.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock worth $52,000 after buying an additional 409 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.
Teck Resources Trading Up 1.2 %
Shares of Teck Resources stock opened at $47.35 on Monday. Teck Resources Limited has a twelve month low of $34.38 and a twelve month high of $55.13. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $48.73 and a 200-day moving average price of $48.72. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 20.95 and a beta of 1.02.
Wall Street Analysts Forecast Growth
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Teck Resources 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.
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