Oaktree Fund Advisors LLC Sells 2,539 Shares of Ternium S.A. (NYSE:TX)

Oaktree Fund Advisors LLC cut its stake in shares of Ternium S.A. (NYSE:TX) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,947 shares of the basic materials company’s stock after selling 2,539 shares during the quarter. Ternium makes up about 3.6% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 11th largest position. Oaktree Fund Advisors LLC owned approximately 0.05% of Ternium worth $3,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of TX. BNP Paribas Financial Markets boosted its holdings in Ternium by 96.7% in the fourth quarter. BNP Paribas Financial Markets now owns 16,518 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 8,121 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Ternium in the 4th quarter worth $1,698,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ternium in the 4th quarter valued at $325,000. EverSource Wealth Advisors LLC increased its stake in Ternium by 19.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 287 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Ternium by 277.7% during the fourth quarter. Allianz Asset Management GmbH now owns 196,082 shares of the basic materials company’s stock worth $8,328,000 after buying an additional 144,171 shares during the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.

Ternium Price Performance

TX opened at $35.02 on Friday. Ternium S.A. has a 1 year low of $30.68 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.74 and a quick ratio of 1.57. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.15 and a beta of 1.76. The firm’s fifty day moving average price is $34.33 and its two-hundred day moving average price is $38.49.

Ternium (NYSE:TX) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a positive return on equity of 6.08% and a negative net margin of 3.57%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Ternium S.A. will post 7.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TX has been the subject of a number of analyst reports. StockNews.com cut shares of Ternium from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Ternium from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.