Ternium S.A. (NYSE:TX) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Ternium S.A. (NYSE:TX) by 72.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919 shares of the basic materials company’s stock after buying an additional 385 shares during the period. GAMMA Investing LLC’s holdings in Ternium were worth $34,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Ternium by 3,152.3% during the 2nd quarter. Blue Trust Inc. now owns 1,431 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 1,387 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Ternium during the first quarter worth about $107,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Ternium during the first quarter worth about $202,000. Caprock Group LLC purchased a new stake in shares of Ternium in the 2nd quarter valued at about $295,000. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Ternium in the 1st quarter valued at about $306,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

Ternium Trading Down 1.3 %

NYSE TX opened at $35.19 on Friday. The firm’s fifty day moving average is $34.74 and its two-hundred day moving average is $37.87. Ternium S.A. has a one year low of $30.68 and a one year high of $44.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.57 and a current ratio of 2.74. The firm has a market cap of $7.05 billion, a PE ratio of -9.97, a P/E/G ratio of 0.23 and a beta of 1.77.

Ternium (NYSE:TX) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.36). Ternium had a negative net margin of 3.57% and a positive return on equity of 6.08%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm earned $3.19 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Analysts expect that Ternium S.A. will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ternium from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.33.

Ternium Profile

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.