Deprince Race & Zollo Inc. raised its position in shares of Ternium SA (NYSE:TX) by 84.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,540 shares of the basic materials company’s stock after purchasing an additional 35,860 shares during the period. Deprince Race & Zollo Inc.’s holdings in Ternium were worth $2,481,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisor Group Inc. grew its stake in shares of Ternium by 141.1% in the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 2,380 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Ternium in the fourth quarter worth $200,000. Stevens Capital Management LP bought a new stake in Ternium during the third quarter valued at $238,000. Campbell & CO Investment Adviser LLC bought a new stake in Ternium during the third quarter valued at $271,000. Finally, Atria Investments LLC boosted its position in Ternium by 22.5% during the fourth quarter. Atria Investments LLC now owns 9,952 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 1,825 shares during the last quarter. Institutional investors and hedge funds own 19.44% of the company’s stock.
Shares of Ternium SA (NYSE:TX) opened at $34.07 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.68. Ternium SA has a fifty-two week low of $22.22 and a fifty-two week high of $36.00. The firm has a market cap of $6,617.65, a PE ratio of 8.13, a P/E/G ratio of 1.14 and a beta of 1.15.
A number of analysts have commented on TX shares. Zacks Investment Research cut shares of Ternium from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 4th. Santander raised shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Morgan Stanley raised shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Finally, Scotiabank set a $43.00 price objective on shares of Ternium and gave the company a “buy” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $33.08.
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Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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