Two Sigma Advisers LP Has $38.76 Million Stake in Teck Resources (NYSE:TECK)

Two Sigma Advisers LP boosted its stake in Teck Resources (NYSE:TECK) (TSE:TECK) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,479,739 shares of the basic materials company’s stock after acquiring an additional 186,977 shares during the quarter. Two Sigma Advisers LP owned 0.26% of Teck Resources worth $38,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TECK. Capital Growth Management LP bought a new stake in Teck Resources during the 4th quarter worth about $56,004,000. Allianz Asset Management GmbH lifted its position in Teck Resources by 104.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,225,492 shares of the basic materials company’s stock worth $46,748,000 after buying an additional 1,136,314 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Teck Resources by 30.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,892,000 shares of the basic materials company’s stock worth $103,172,000 after buying an additional 1,128,428 shares in the last quarter. Waratah Capital Advisors Ltd. lifted its position in Teck Resources by 164.7% during the 4th quarter. Waratah Capital Advisors Ltd. now owns 1,796,054 shares of the basic materials company’s stock worth $47,060,000 after buying an additional 1,117,445 shares in the last quarter. Finally, Investec Asset Management LTD bought a new stake in Teck Resources during the 3rd quarter worth about $23,235,000. 54.29% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NYSE:TECK traded down $0.42 on Friday, reaching $26.19. 2,737,533 shares of the company’s stock were exchanged, compared to its average volume of 2,347,729. Teck Resources has a twelve month low of $14.56 and a twelve month high of $30.80. The firm has a market cap of $14,815.68, a PE ratio of 7.64, a PEG ratio of 0.69 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 1.81 and a debt-to-equity ratio of 0.32.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.06). Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. research analysts expect that Teck Resources will post 3.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Wednesday, March 14th. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s dividend payout ratio is 4.66%.

Several equities research analysts have commented on TECK shares. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Morgan Stanley upped their target price on shares of Teck Resources from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, March 2nd. Bank of America set a $36.00 target price on shares of Teck Resources and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Clarkson Capital cut shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, January 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $30.35.

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Teck Resources Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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