KAMES CAPITAL plc purchased a new position in shares of Ternium SA (NYSE:TX) during the fourth quarter, Holdings Channel reports. The firm purchased 36,984 shares of the basic materials company’s stock, valued at approximately $1,168,000.
Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. increased its stake in shares of Ternium by 141.1% during the second quarter. Advisor Group Inc. now owns 4,067 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,380 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ternium during the second quarter worth about $204,000. Stevens Capital Management LP acquired a new position in shares of Ternium during the third quarter worth about $238,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ternium during the third quarter worth about $271,000. Finally, Trexquant Investment LP acquired a new position in shares of Ternium during the third quarter worth about $317,000. Institutional investors and hedge funds own 19.26% of the company’s stock.
Ternium SA (NYSE:TX) opened at $34.37 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Ternium SA has a 1 year low of $22.17 and a 1 year high of $34.46. The firm has a market cap of $6,713.88, a PE ratio of 8.20 and a beta of 1.09.
Several brokerages have weighed in on TX. ValuEngine upgraded shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Saturday, January 6th. Morgan Stanley upgraded shares of Ternium from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 6th. Finally, Santander upgraded shares of Ternium from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Ternium currently has an average rating of “Buy” and a consensus target price of $31.10.
Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.
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