HighTower Advisors LLC Has $422,000 Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

HighTower Advisors LLC increased its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,042 shares of the mining company’s stock after acquiring an additional 6,072 shares during the period. HighTower Advisors LLC’s holdings in Hudbay Minerals were worth $422,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HBM. The Manufacturers Life Insurance Company raised its holdings in Hudbay Minerals by 9.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company’s stock valued at $12,395,000 after buying an additional 117,275 shares in the last quarter. FMR LLC grew its stake in shares of Hudbay Minerals by 0.7% in the 3rd quarter. FMR LLC now owns 354,392 shares of the mining company’s stock valued at $3,260,000 after purchasing an additional 2,624 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hudbay Minerals by 20.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,804 shares of the mining company’s stock valued at $827,000 after acquiring an additional 15,258 shares during the period. Cinctive Capital Management LP grew its stake in Hudbay Minerals by 39.7% during the third quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock worth $3,777,000 after buying an additional 116,732 shares during the last quarter. Finally, Mountaineer Partners Management LLC boosted its stake in Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Trading Down 1.1 %

Shares of NYSE:HBM opened at $7.61 on Tuesday. The company has a 50-day simple moving average of $8.05 and a 200 day simple moving average of $8.55. Hudbay Minerals Inc. has a 52-week low of $6.42 and a 52-week high of $10.49. The company has a market capitalization of $3.00 billion, a P/E ratio of 42.26 and a beta of 1.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share 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 business posted $0.20 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

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

Analyst Upgrades and Downgrades

HBM has been the topic of a number of recent research reports. 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 research note on Friday, February 7th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of $11.50.

Hudbay Minerals Company 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.