Mizuho Securities USA LLC acquired a new stake in Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 250,000 shares of the basic materials company’s stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRQ. Wells Fargo & Company MN raised its stake in shares of Turquoise Hill Resources by 2,206.3% in the first quarter. Wells Fargo & Company MN now owns 230,628 shares of the basic materials company’s stock valued at $708,000 after acquiring an additional 220,628 shares in the last quarter. UBS Group AG raised its stake in shares of Turquoise Hill Resources by 6.8% in the first quarter. UBS Group AG now owns 314,524 shares of the basic materials company’s stock valued at $965,000 after acquiring an additional 19,970 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Turquoise Hill Resources by 104.0% in the first quarter. Jane Street Group LLC now owns 56,564 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 28,839 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Turquoise Hill Resources in the first quarter valued at $302,000. Finally, Legal & General Group Plc increased its holdings in Turquoise Hill Resources by 29.9% in the first quarter. Legal & General Group Plc now owns 4,795,042 shares of the basic materials company’s stock valued at $14,602,000 after buying an additional 1,104,350 shares during the last quarter. Institutional investors and hedge funds own 34.86% of the company’s stock.

Separately, ValuEngine lowered Turquoise Hill Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 5th.

NYSE:TRQ traded down $0.02 during trading hours on Thursday, hitting $1.86. The company’s stock had a trading volume of 3,922,700 shares, compared to its average volume of 3,665,887. The firm has a market capitalization of $4.27 billion, a PE ratio of 11.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.61 and a quick ratio of 5.12. Turquoise Hill Resources Ltd has a 52-week low of $1.76 and a 52-week high of $3.59.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last posted its earnings results on Tuesday, July 31st. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $341.74 million for the quarter. Turquoise Hill Resources had a return on equity of 4.61% and a net margin of 34.39%.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. The company explores for copper, gold, silver, and molybdenum deposits. It primarily develops and operates the Oyu Tolgoi mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd.

See Also: Penny Stocks, Risk and Reward Factors

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

Institutional Ownership by Quarter for Turquoise Hill Resources (NYSE:TRQ)

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