Signition LP purchased a new stake in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 231,200 shares of the basic materials company’s stock, valued at approximately $490,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Turquoise Hill Resources by 70.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,226,595 shares of the basic materials company’s stock valued at $17,449,000 after purchasing an additional 3,407,495 shares during the last quarter. Mizuho Securities USA LLC bought a new position in Turquoise Hill Resources during the 3rd quarter valued at approximately $530,000. Aperio Group LLC raised its position in Turquoise Hill Resources by 16.4% during the 3rd quarter. Aperio Group LLC now owns 661,699 shares of the basic materials company’s stock valued at $1,403,000 after purchasing an additional 93,286 shares during the last quarter. Northern Trust Corp raised its position in Turquoise Hill Resources by 11.5% during the 2nd quarter. Northern Trust Corp now owns 776,774 shares of the basic materials company’s stock valued at $2,206,000 after purchasing an additional 80,417 shares during the last quarter. Finally, Global X Management Co LLC raised its position in Turquoise Hill Resources by 6.8% during the 2nd quarter. Global X Management Co LLC now owns 1,294,042 shares of the basic materials company’s stock valued at $3,675,000 after purchasing an additional 82,393 shares during the last quarter. 34.94% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised Turquoise Hill Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th.
TRQ opened at $1.95 on Friday. Turquoise Hill Resources Ltd has a one year low of $1.59 and a one year high of $3.59. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 9.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.61 and a quick ratio of 5.12.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last announced its earnings results on Thursday, November 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Turquoise Hill Resources had a return on equity of 4.61% and a net margin of 34.39%. The firm had revenue of $247.00 million during the quarter, compared to analyst estimates of $258.30 million. During the same quarter in the prior year, the company earned $0.03 EPS. The business’s revenue was up .0% compared to the same quarter last year.
Turquoise Hill Resources Company Profile
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.
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