Hollencrest Capital Management Purchases 569,941 Shares of Americas Silver Corp (NYSEAMERICAN:USAS)

Hollencrest Capital Management boosted its stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,787,017 shares of the company’s stock after buying an additional 569,941 shares during the quarter. Hollencrest Capital Management’s holdings in Americas Silver were worth $672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USAS. Sprott Inc. acquired a new position in Americas Silver during the 4th quarter worth approximately $2,099,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Americas Silver during the third quarter worth $631,000. U S Global Investors Inc. purchased a new stake in shares of Americas Silver during the fourth quarter worth $382,000. Alpha Cubed Investments LLC purchased a new stake in shares of Americas Silver in the fourth quarter worth $274,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Americas Silver in the fourth quarter worth $47,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Cormark raised Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

Americas Silver Stock Up 7.3 %

Americas Silver stock opened at $0.50 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Americas Silver Corp has a fifty-two week low of $0.20 and a fifty-two week high of $0.60. The company has a market cap of $122.71 million, a price-to-earnings ratio of -2.75 and a beta of 1.20.

About Americas Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.