Crestline Management LP Has $552,000 Stock Holdings in Southern Copper Co. (NYSE:SCCO)

Crestline Management LP lifted its holdings in shares of Southern Copper Co. (NYSE:SCCO) by 38.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,055 shares of the basic materials company’s stock after purchasing an additional 1,688 shares during the period. Crestline Management LP’s holdings in Southern Copper were worth $552,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Southern Copper by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 33,180 shares of the basic materials company’s stock worth $3,024,000 after buying an additional 995 shares during the period. Bridgefront Capital LLC bought a new position in Southern Copper during the fourth quarter worth $321,000. Captrust Financial Advisors grew its holdings in Southern Copper by 12.1% in the fourth quarter. Captrust Financial Advisors now owns 5,864 shares of the basic materials company’s stock worth $534,000 after purchasing an additional 632 shares during the period. Bearing Point Capital LLC bought a new stake in Southern Copper in the fourth quarter valued at $257,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Southern Copper by 14.8% during the fourth quarter. Benjamin Edwards Inc. now owns 5,860 shares of the basic materials company’s stock valued at $534,000 after purchasing an additional 757 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SCCO shares. UBS Group decreased their target price on Southern Copper from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Hsbc Global Res raised Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. Scotiabank lifted their price target on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research report on Monday, March 10th. StockNews.com downgraded shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Southern Copper presently has an average rating of “Hold” and an average target price of $91.50.

Southern Copper Trading Up 1.4 %

NYSE SCCO opened at $89.34 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $71.13 billion, a P/E ratio of 20.68, a PEG ratio of 1.90 and a beta of 1.05. The business has a fifty day simple moving average of $90.37 and a 200 day simple moving average of $95.68. Southern Copper Co. has a 12 month low of $74.11 and a 12 month high of $126.09.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, analysts predict that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 5th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 2nd. This represents a dividend yield of 2.98%. Southern Copper’s payout ratio is presently 61.27%.

Southern Copper Company 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.