Southern Copper Co. (NYSE:SCCO) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its stake in Southern Copper Co. (NYSE:SCCO) by 54.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,085 shares of the basic materials company’s stock after selling 2,535 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Southern Copper were worth $190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCCO. Sequoia Financial Advisors LLC increased its stake in Southern Copper by 5.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,918 shares of the basic materials company’s stock valued at $453,000 after purchasing an additional 204 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Southern Copper by 11,510.5% during the 3rd quarter. International Assets Investment Management LLC now owns 189,716 shares of the basic materials company’s stock valued at $21,944,000 after acquiring an additional 188,082 shares in the last quarter. IFM Investors Pty Ltd raised its position in Southern Copper by 100.4% during the third quarter. IFM Investors Pty Ltd now owns 11,468 shares of the basic materials company’s stock worth $1,327,000 after acquiring an additional 5,746 shares during the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of Southern Copper by 11.3% in the third quarter. Outlook Wealth Advisors LLC now owns 3,295 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 335 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Southern Copper by 26.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,299 shares of the basic materials company’s stock valued at $2,532,000 after buying an additional 4,429 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCCO has been the subject of a number of analyst reports. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective on the stock in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.81.

Southern Copper Price Performance

SCCO opened at $92.87 on Friday. Southern Copper Co. has a 52-week low of $78.82 and a 52-week high of $129.79. The company has a 50 day moving average of $94.61 and a two-hundred day moving average of $101.89. The company has a market cap of $72.95 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.90 and a beta of 1.13. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. On average, analysts expect that Southern Copper Co. will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is currently 64.81%.

Southern Copper Profile

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, copper, molybdenum, silver, gold, and lead.