15,128,300 Shares in Turquoise Hill Resources Ltd (NYSE:TRQ) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,128,300 shares of the basic materials company’s stock, valued at approximately $18,764,000. Nomura Holdings Inc. owned 0.75% of Turquoise Hill Resources at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Growth Management LP raised its position in Turquoise Hill Resources by 36.0% in the second quarter. Capital Growth Management LP now owns 30,011,000 shares of the basic materials company’s stock valued at $37,214,000 after purchasing an additional 7,950,000 shares during the period. Marshall Wace LLP purchased a new position in Turquoise Hill Resources in the first quarter valued at about $6,769,000. CIBC Asset Management Inc raised its position in Turquoise Hill Resources by 5.6% in the second quarter. CIBC Asset Management Inc now owns 658,506 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 35,091 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Turquoise Hill Resources by 11.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 506,572 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 53,800 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new position in Turquoise Hill Resources in the second quarter valued at about $68,000. 39.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Turquoise Hill Resources stock traded up $0.01 during trading hours on Friday, hitting $0.46. 540,534 shares of the company’s stock traded hands, compared to its average volume of 3,789,555. The stock has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $1.12. The company has a quick ratio of 5.81, a current ratio of 6.20 and a debt-to-equity ratio of 0.54. The company has a market cap of $925.66 million, a PE ratio of 2.09 and a beta of 1.05. Turquoise Hill Resources Ltd has a twelve month low of $0.40 and a twelve month high of $2.25.



Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.08 earnings per share for the quarter. The company had revenue of $382.75 million during the quarter. Turquoise Hill Resources had a positive return on equity of 5.04% and a negative net margin of 13.64%.

Several brokerages have recently weighed in on TRQ. CIBC downgraded Turquoise Hill Resources from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 17th. Eight Capital downgraded Turquoise Hill Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 16th. ValuEngine downgraded Turquoise Hill Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. TD Securities restated a “speculative buy” rating and set a $2.25 target price (down from $4.00) on shares of Turquoise Hill Resources in a research note on Wednesday, July 17th. Finally, TheStreet downgraded Turquoise Hill Resources from a “c-” rating to a “d” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Turquoise Hill Resources has a consensus rating of “Hold” and a consensus price target of $2.52.

Turquoise Hill Resources Company Profile

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

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

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