Highstreet Asset Management Inc. Acquires 47,265 Shares of Teck Resources Ltd (TECK)

Highstreet Asset Management Inc. grew its holdings in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 16.4% during the 4th quarter, Holdings Channel reports. The firm owned 334,881 shares of the basic materials company’s stock after buying an additional 47,265 shares during the period. Highstreet Asset Management Inc.’s holdings in Teck Resources were worth $8,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bartlett & Co. LLC acquired a new position in shares of Teck Resources during the 4th quarter valued at about $118,000. PNC Financial Services Group Inc. acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $124,000. Tower Research Capital LLC TRC acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $164,000. Private Advisor Group LLC acquired a new position in shares of Teck Resources during the 3rd quarter valued at about $200,000. Finally, Shelton Capital Management acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $202,000. 52.92% of the stock is currently owned by institutional investors.

TECK has been the topic of several recent research reports. Bank of America boosted their price target on shares of Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. ValuEngine raised shares of Teck Resources from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday, October 5th. BidaskClub raised shares of Teck Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. Finally, Berenberg Bank reissued a “buy” rating and set a $27.50 price target on shares of Teck Resources in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.06.

Shares of Teck Resources Ltd (NYSE TECK) traded up $0.89 on Thursday, reaching $29.94. 3,789,893 shares of the company traded hands, compared to its average volume of 4,340,464. The stock has a market cap of $16,647.19, a price-to-earnings ratio of 9.47, a P/E/G ratio of 1.25 and a beta of 1.31. Teck Resources Ltd has a 12-month low of $14.56 and a 12-month high of $30.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 2.17.

ILLEGAL ACTIVITY NOTICE: This report was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2018/02/01/highstreet-asset-management-inc-acquires-47265-shares-of-teck-resources-ltd-teck.html.

Teck Resources Company Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Want to see what other hedge funds are holding TECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teck Resources Ltd (NYSE:TECK) (TSE:TECK).

Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit