Swiss National Bank reduced its position in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,662,500 shares of the basic materials company’s stock after selling 220,700 shares during the period. Swiss National Bank owned approximately 0.18% of Turquoise Hill Resources worth $11,186,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Growth Management LP raised its holdings in Turquoise Hill Resources by 9.5% during the fourth quarter. Capital Growth Management LP now owns 41,865,000 shares of the basic materials company’s stock worth $143,597,000 after purchasing an additional 3,640,000 shares in the last quarter. Jefferies Group LLC purchased a new position in Turquoise Hill Resources during the fourth quarter worth about $305,000. Comerica Bank raised its holdings in Turquoise Hill Resources by 55.6% during the fourth quarter. Comerica Bank now owns 168,386 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 60,173 shares in the last quarter. Two Sigma Investments LP raised its holdings in Turquoise Hill Resources by 90.5% during the fourth quarter. Two Sigma Investments LP now owns 443,495 shares of the basic materials company’s stock worth $1,521,000 after purchasing an additional 210,661 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Turquoise Hill Resources by 240.5% during the fourth quarter. Millennium Management LLC now owns 7,102,665 shares of the basic materials company’s stock worth $24,362,000 after purchasing an additional 5,016,639 shares in the last quarter. 35.20% of the stock is owned by hedge funds and other institutional investors.
NYSE TRQ traded down $0.02 during trading hours on Thursday, hitting $2.85. 886,300 shares of the stock were exchanged, compared to its average volume of 3,341,367. Turquoise Hill Resources Ltd has a 12-month low of $2.46 and a 12-month high of $3.59. The company has a quick ratio of 5.04, a current ratio of 5.60 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.71 billion, a P/E ratio of 25.82 and a beta of 0.12.
Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last issued its earnings results on Tuesday, May 8th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. Turquoise Hill Resources had a net margin of 23.84% and a return on equity of 2.82%. The company had revenue of $245.59 million during the quarter, compared to analysts’ expectations of $279.41 million. During the same period last year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year.
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.
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