Legal & General Group Plc lessened its stake in Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,724 shares of the mining company’s stock after selling 10,816 shares during the quarter. Legal & General Group Plc’s holdings in Hudbay Minerals were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Hudbay Minerals by 1.5% in the 1st quarter. Swiss National Bank now owns 394,100 shares of the mining company’s stock worth $2,590,000 after purchasing an additional 5,800 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hudbay Minerals by 68.7% in the 1st quarter. AQR Capital Management LLC now owns 419,418 shares of the mining company’s stock worth $2,749,000 after purchasing an additional 170,774 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Hudbay Minerals by 10.5% in the 1st quarter. Wellington Management Group LLP now owns 698,488 shares of the mining company’s stock worth $4,578,000 after purchasing an additional 66,182 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Hudbay Minerals by 862.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 24,801 shares of the mining company’s stock worth $163,000 after purchasing an additional 22,224 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Hudbay Minerals in the 1st quarter worth about $159,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. TheStreet raised Hudbay Minerals from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BidaskClub raised Hudbay Minerals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co raised Hudbay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 5th. Finally, Zacks Investment Research raised Hudbay Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.91.

COPYRIGHT VIOLATION WARNING: “Hudbay Minerals Inc (HBM) Stake Lessened by Legal & General Group Plc” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/12/hudbay-minerals-inc-hbm-stake-lessened-by-legal-general-group-plc.html.

Hudbay Minerals Inc (NYSE HBM) opened at 8.00 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 200.00 and a beta of 3.21. The firm has a 50-day moving average price of $8.02 and a 200-day moving average price of $6.66. Hudbay Minerals Inc has a 12 month low of $3.67 and a 12 month high of $9.35.

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a $0.008 dividend. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, September 7th. Hudbay Minerals’s payout ratio is 50.01%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Want to see what other hedge funds are holding HBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM).

Institutional Ownership by Quarter for Hudbay Minerals (NYSE:HBM)

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