Stephens Inc. AR Has $253,000 Holdings in Teck Resources Limited (NYSE:TECK)

Stephens Inc. AR decreased its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 32.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,250 shares of the basic materials company’s stock after selling 2,940 shares during the period. Stephens Inc. AR’s holdings in Teck Resources were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TECK. Principal Financial Group Inc. increased its position in Teck Resources by 21.7% in the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after purchasing an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Teck Resources by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock valued at $341,337,000 after buying an additional 165,759 shares in the last quarter. AMF Tjanstepension AB increased its holdings in Teck Resources by 3.9% in the third quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company’s stock worth $238,055,000 after buying an additional 169,476 shares during the last quarter. FMR LLC raised its position in Teck Resources by 72.8% during the third quarter. FMR LLC now owns 3,634,430 shares of the basic materials company’s stock valued at $189,848,000 after acquiring an additional 1,531,563 shares in the last quarter. Finally, Regal Partners Ltd lifted its stake in Teck Resources by 1.4% in the third quarter. Regal Partners Ltd now owns 2,728,980 shares of the basic materials company’s stock valued at $142,562,000 after acquiring an additional 38,949 shares during the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

Teck Resources Trading Down 1.7 %

Shares of Teck Resources stock opened at $43.12 on Monday. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 65.34 and a beta of 1.02. Teck Resources Limited has a 1 year low of $37.30 and a 1 year high of $55.13. The company’s fifty day simple moving average is $42.23 and its 200-day simple moving average is $45.82. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TECK shares. JPMorgan Chase & Co. dropped their price target on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Friday, October 25th. Finally, Raymond James lowered their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.38.

About Teck Resources

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.