Blue Trust Inc. Has $379,000 Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

Blue Trust Inc. lifted its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 83.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,749 shares of the mining company’s stock after buying an additional 21,310 shares during the period. Blue Trust Inc.’s holdings in Hudbay Minerals were worth $379,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Ballentine Partners LLC grew its position in Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock worth $169,000 after acquiring an additional 5,064 shares during the last quarter. Strong Tower Advisory Services grew its position in Hudbay Minerals by 5.5% during the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company’s stock worth $528,000 after acquiring an additional 3,388 shares during the last quarter. Artemis Investment Management LLP grew its position in Hudbay Minerals by 13.3% during the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company’s stock worth $20,858,000 after acquiring an additional 301,455 shares during the last quarter. Galibier Capital Management Ltd. grew its position in Hudbay Minerals by 3.7% during the 4th quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company’s stock worth $21,188,000 after acquiring an additional 92,324 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in Hudbay Minerals by 2.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 132,498 shares of the mining company’s stock worth $1,073,000 after acquiring an additional 3,282 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Stock Down 3.0 %

Shares of NYSE:HBM opened at $8.25 on Friday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 35.88 and a beta of 1.76. 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 business’s 50-day moving average is $8.59 and its 200-day moving average is $8.46. Hudbay Minerals Inc. has a 1 year low of $4.94 and a 1 year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. The company had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Equities research analysts predict that Hudbay Minerals Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Profile

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.