Yousif Capital Management LLC Decreases Stock Position in Teck Resources Limited (NYSE:TECK)

Yousif Capital Management LLC cut its position in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,634 shares of the basic materials company’s stock after selling 2,200 shares during the period. Yousif Capital Management LLC’s holdings in Teck Resources were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TECK. Synergy Asset Management LLC boosted its holdings in shares of Teck Resources by 77.7% during the 4th quarter. Synergy Asset Management LLC now owns 16,892 shares of the basic materials company’s stock worth $685,000 after purchasing an additional 7,387 shares during the last quarter. Forest Avenue Capital Management LP lifted its position in Teck Resources by 3.7% during the third quarter. Forest Avenue Capital Management LP now owns 720,920 shares of the basic materials company’s stock worth $37,661,000 after buying an additional 25,430 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Teck Resources during the third quarter worth $1,937,000. Intech Investment Management LLC grew its holdings in Teck Resources by 20.9% in the 3rd quarter. Intech Investment Management LLC now owns 98,145 shares of the basic materials company’s stock valued at $5,132,000 after buying an additional 16,981 shares in the last quarter. Finally, CIBC Asset Management Inc increased 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 worth $341,337,000 after acquiring an additional 165,759 shares during the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Teck Resources Price Performance

TECK stock opened at $43.12 on Tuesday. The business’s fifty day moving average price is $42.16 and its 200 day moving average price is $45.79. Teck Resources Limited has a 12-month low of $37.30 and a 12-month high of $55.13. The company has a market capitalization of $21.51 billion, a PE ratio of 65.34 and a beta of 1.02. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

TECK has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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 report on Thursday, January 16th. UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. National Bank Financial downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. Raymond James decreased their price objective on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Teck Resources 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.