16,403 Shares in Hudbay Minerals Inc. (NYSE:HBM) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,403 shares of the mining company’s stock, valued at approximately $133,000.

A number of other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in shares of Hudbay Minerals by 9.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company’s stock worth $12,395,000 after acquiring an additional 117,275 shares during the period. FMR LLC raised its stake in Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after purchasing an additional 2,624 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hudbay Minerals by 20.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,804 shares of the mining company’s stock valued at $827,000 after purchasing an additional 15,258 shares during the last quarter. PDT Partners LLC increased its holdings in shares of Hudbay Minerals by 32.0% during the 3rd quarter. PDT Partners LLC now owns 194,382 shares of the mining company’s stock worth $1,786,000 after buying an additional 47,155 shares during the last quarter. Finally, Cinctive Capital Management LP raised its position in shares of Hudbay Minerals by 39.7% during the 3rd quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock valued at $3,777,000 after buying an additional 116,732 shares during the period. 57.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on HBM shares. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.50.

Hudbay Minerals Stock Down 3.9 %

Hudbay Minerals stock opened at $7.69 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The firm has a 50 day moving average price of $8.07 and a 200 day moving average price of $8.54. Hudbay Minerals Inc. has a fifty-two week low of $6.42 and a fifty-two week high of $10.49. The company has a market capitalization of $3.04 billion, a PE ratio of 42.70 and a beta of 1.72.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. During the same period in the previous year, the company posted $0.20 EPS. Hudbay Minerals’s revenue was down 2.9% on a year-over-year basis. Research analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were issued a $0.007 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.2%. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s payout ratio is 5.56%.

About Hudbay Minerals

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.