Quantamental Technologies LLC Invests $57,000 in Ternium SA (TX) Stock

Quantamental Technologies LLC bought a new position in shares of Ternium SA (NYSE:TX) during the fourth quarter, HoldingsChannel reports. The fund bought 2,100 shares of the basic materials company’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently bought and sold shares of TX. First Quadrant L P CA increased its holdings in Ternium by 10.8% during the 4th quarter. First Quadrant L P CA now owns 5,981 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 581 shares during the period. Nordea Investment Management AB bought a new stake in Ternium during the 3rd quarter worth approximately $242,000. Fox Run Management L.L.C. bought a new stake in Ternium during the 4th quarter worth approximately $248,000. BlackRock Inc. increased its holdings in Ternium by 75.9% during the 3rd quarter. BlackRock Inc. now owns 10,768 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 4,647 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Ternium during the 3rd quarter worth approximately $358,000. 18.58% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on TX shares. Zacks Investment Research raised shares of Ternium from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, January 30th. Goldman Sachs Group started coverage on shares of Ternium in a report on Thursday, December 13th. They set a “buy” rating on the stock. Banco Santander lowered shares of Ternium to a “hold” rating and set a $35.00 price target on the stock. in a report on Wednesday, December 12th. Santander lowered shares of Ternium from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Finally, Itau BBA Securities lowered shares of Ternium from an “outperform” rating to a “market perform” rating in a report on Monday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $36.50.

Shares of NYSE:TX opened at $30.90 on Monday. The firm has a market capitalization of $6.19 billion, a PE ratio of 6.85, a P/E/G ratio of 0.79 and a beta of 0.87. Ternium SA has a one year low of $25.52 and a one year high of $42.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 2.01.

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Ternium Profile

Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates in two segments, Steel and Mining. The Steel segment offers steel products, including slabs, billets and round bars, hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plates, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, and roll formed products, as well as other products, such as pig iron.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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