HighTower Advisors LLC Has $1.11 Million Position in Ero Copper Corp. (NYSE:ERO)

HighTower Advisors LLC reduced its stake in shares of Ero Copper Corp. (NYSE:ERO) by 14.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,147 shares of the company’s stock after selling 8,708 shares during the period. HighTower Advisors LLC’s holdings in Ero Copper were worth $1,112,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC grew its position in Ero Copper by 4.3% in the third quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock worth $127,149,000 after acquiring an additional 237,345 shares in the last quarter. FMR LLC boosted its holdings in Ero Copper by 1.8% in the third quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after purchasing an additional 206,405 shares in the last quarter. Mirabella Financial Services LLP increased its position in Ero Copper by 608.2% during the third quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock worth $3,189,000 after buying an additional 123,023 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Ero Copper during the second quarter worth $2,521,000. Finally, Dimensional Fund Advisors LP raised its holdings in Ero Copper by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company’s stock valued at $9,922,000 after buying an additional 115,002 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of analyst reports. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Bank of America assumed coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective for the company. Finally, StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $26.33.

Ero Copper Stock Performance

NYSE ERO opened at $13.40 on Wednesday. The company’s fifty day moving average is $17.00 and its two-hundred day moving average is $19.30. Ero Copper Corp. has a 52-week low of $13.07 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 78.82 and a beta of 1.12.

Ero Copper Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.