Quantbot Technologies LP Has $11.33 Million Holdings in Southern Copper Corporation $SCCO

Quantbot Technologies LP boosted its stake in Southern Copper Corporation (NYSE:SCCO) by 42.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,212 shares of the basic materials company’s stock after purchasing an additional 35,948 shares during the quarter. Quantbot Technologies LP’s holdings in Southern Copper were worth $11,328,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Southern Copper during the fourth quarter valued at about $40,226,000. Nuveen LLC acquired a new position in shares of Southern Copper during the first quarter valued at about $34,086,000. Northern Trust Corp grew its holdings in shares of Southern Copper by 44.9% during the fourth quarter. Northern Trust Corp now owns 1,146,537 shares of the basic materials company’s stock valued at $104,484,000 after buying an additional 355,013 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Southern Copper by 26.3% during the first quarter. JPMorgan Chase & Co. now owns 1,551,878 shares of the basic materials company’s stock valued at $145,039,000 after buying an additional 322,935 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Southern Copper during the first quarter valued at about $25,739,000. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 414 shares of Southern Copper stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $100.00, for a total value of $41,400.00. Following the sale, the director owned 2,327 shares of the company’s stock, valued at approximately $232,700. The trade was a 15.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.

Southern Copper Trading Down 1.8%

Shares of Southern Copper stock opened at $95.89 on Monday. The firm has a market cap of $77.10 billion, a PE ratio of 20.98, a P/E/G ratio of 1.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 5.27 and a quick ratio of 4.51. Southern Copper Corporation has a 1 year low of $74.84 and a 1 year high of $121.44. The stock has a fifty day moving average price of $98.12 and a 200-day moving average price of $93.88.

Southern Copper Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $1.01 dividend. This is a positive change from Southern Copper’s previous — dividend of $0.62. This represents a yield of 270.0%. The ex-dividend date of this dividend is Friday, August 15th. Southern Copper’s payout ratio is presently 70.02%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SCCO shares. UBS Group cut shares of Southern Copper from a “buy” rating to a “neutral” rating and set a $105.00 price objective for the company. in a report on Tuesday, July 1st. JPMorgan Chase & Co. dropped their price target on shares of Southern Copper from $83.50 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. Itau BBA Securities raised shares of Southern Copper from an “underperform” rating to a “market perform” rating in a research report on Wednesday, June 11th. Morgan Stanley reissued an “underweight” rating and set a $99.00 price target (up from $86.00) on shares of Southern Copper in a research report on Tuesday, July 15th. Finally, Hsbc Global Res raised shares of Southern Copper from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.00.

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.