Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Orchard Capital Management LLC

Orchard Capital Management LLC trimmed its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,126,332 shares of the mining company’s stock after selling 16,045 shares during the period. Hudbay Minerals comprises about 3.1% of Orchard Capital Management LLC’s portfolio, making the stock its 14th biggest position. Orchard Capital Management LLC owned 0.29% of Hudbay Minerals worth $10,193,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HBM. BNP Paribas Financial Markets increased its stake in shares of Hudbay Minerals by 122,794.2% during the fourth quarter. BNP Paribas Financial Markets now owns 126,581 shares of the mining company’s stock worth $699,000 after buying an additional 126,478 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Hudbay Minerals in the fourth quarter valued at approximately $186,000. Trexquant Investment LP purchased a new position in Hudbay Minerals in the fourth quarter valued at approximately $1,502,000. Aigen Investment Management LP increased its stake in Hudbay Minerals by 140.1% in the fourth quarter. Aigen Investment Management LP now owns 96,019 shares of the mining company’s stock valued at $530,000 after purchasing an additional 56,034 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Hudbay Minerals by 2.8% in the fourth quarter. TD Asset Management Inc now owns 979,801 shares of the mining company’s stock valued at $5,417,000 after purchasing an additional 26,511 shares during the last quarter. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Hudbay Minerals Stock Performance

Shares of HBM opened at $7.91 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.11 billion, a PE ratio of 34.37 and a beta of 1.77. The company’s 50 day simple moving average is $7.78 and its 200-day simple moving average is $8.13. Hudbay Minerals Inc. has a 12-month low of $3.94 and a 12-month high of $10.49.

Hudbay Minerals Cuts Dividend

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

Analyst Ratings Changes

HBM has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average target price of $10.88.

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.