Jane Street Group LLC Trims Stake in Americas Silver Corp (NYSEAMERICAN:USAS)

Jane Street Group LLC trimmed its position in Americas Silver Corp (NYSEAMERICAN:USAS) by 78.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,989 shares of the company’s stock after selling 663,135 shares during the quarter. Jane Street Group LLC owned about 0.07% of Americas Silver worth $57,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Americas Silver during the third quarter valued at about $631,000. Renaissance Technologies LLC grew its stake in Americas Silver by 2,806.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after acquiring an additional 1,153,783 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in shares of Americas Silver by 34.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock worth $372,000 after buying an additional 311,648 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Americas Silver Stock Up 3.2 %

Shares of USAS stock opened at $0.46 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. The firm has a market cap of $132.72 million, a PE ratio of -2.56 and a beta of 1.18. Americas Silver Corp has a 12-month low of $0.20 and a 12-month high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $21.02 million during the quarter. Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%. As a group, research analysts forecast that Americas Silver Corp will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $0.80 price target on shares of Americas Silver in a research report on Thursday, October 10th.

Americas Silver Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.