Quantbot Technologies LP Has $2.65 Million Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

Quantbot Technologies LP raised its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 79.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,110 shares of the mining company’s stock after purchasing an additional 129,797 shares during the quarter. Quantbot Technologies LP’s holdings in Hudbay Minerals were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Hudbay Minerals by 24.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after purchasing an additional 702,170 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hudbay Minerals by 239.3% in the second quarter. American Century Companies Inc. now owns 2,044,720 shares of the mining company’s stock valued at $18,503,000 after acquiring an additional 1,442,140 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Hudbay Minerals by 32.7% in the second quarter. Ballentine Partners LLC now owns 16,171 shares of the mining company’s stock valued at $146,000 after acquiring an additional 3,983 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Hudbay Minerals in the second quarter valued at approximately $11,308,000. Finally, National Bank of Canada FI raised its stake in shares of Hudbay Minerals by 31.4% in the second quarter. National Bank of Canada FI now owns 766,849 shares of the mining company’s stock valued at $6,938,000 after acquiring an additional 183,434 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Hudbay Minerals Stock Performance

HBM stock opened at $7.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.12. Hudbay Minerals Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $10.49. The stock has a market capitalization of $2.97 billion, a PE ratio of 32.85 and a beta of 1.77.

Hudbay Minerals Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be given a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 4.35%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $10.80.

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.