Hosking Partners LLP Sells 10,760 Shares of Southern Copper Corp (NYSE:SCCO)

Hosking Partners LLP trimmed its holdings in shares of Southern Copper Corp (NYSE:SCCO) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,299 shares of the basic materials company’s stock after selling 10,760 shares during the quarter. Hosking Partners LLP’s holdings in Southern Copper were worth $11,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCCO. Banco de Sabadell S.A bought a new stake in shares of Southern Copper during the 3rd quarter worth $25,000. Advisory Services Network LLC bought a new position in Southern Copper in the 4th quarter worth $25,000. Parallel Advisors LLC lifted its position in Southern Copper by 103.5% during the 4th quarter. Parallel Advisors LLC now owns 647 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 329 shares during the last quarter. Usca Ria LLC acquired a new position in Southern Copper during the 3rd quarter worth $34,000. Finally, Signaturefd LLC boosted its holdings in Southern Copper by 100.6% during the third quarter. Signaturefd LLC now owns 1,344 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 674 shares during the period. Institutional investors own 6.28% of the company’s stock.

NYSE:SCCO opened at $39.46 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.92 and a quick ratio of 2.18. Southern Copper Corp has a one year low of $29.39 and a one year high of $44.82. The company has a fifty day moving average price of $41.19 and a 200 day moving average price of $36.84. The stock has a market cap of $30.10 billion, a P/E ratio of 20.77, a PEG ratio of 1.58 and a beta of 0.97.

SCCO has been the topic of several research analyst reports. Itau BBA Securities reaffirmed a “market perform” rating on shares of Southern Copper in a research report on Tuesday, December 17th. ValuEngine cut Southern Copper from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Finally, Itau Unibanco downgraded Southern Copper to a “hold” rating and set a $45.00 target price for the company. in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.89.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.

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Institutional Ownership by Quarter for Southern Copper (NYSE:SCCO)

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