Regal Partners Ltd Raises Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Regal Partners Ltd increased its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,673,518 shares of the mining company’s stock after acquiring an additional 136,943 shares during the quarter. Hudbay Minerals comprises 2.2% of Regal Partners Ltd’s investment portfolio, making the stock its 15th largest holding. Regal Partners Ltd owned approximately 0.68% of Hudbay Minerals worth $24,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HBM. Exchange Traded Concepts LLC purchased a new position in shares of Hudbay Minerals in the third quarter worth about $53,000. Clear Harbor Asset Management LLC purchased a new position in Hudbay Minerals in the 3rd quarter valued at approximately $92,000. Ritholtz Wealth Management bought a new stake in Hudbay Minerals during the 2nd quarter valued at $96,000. Armistice Capital LLC purchased a new stake in shares of Hudbay Minerals during the second quarter worth $97,000. Finally, Liontrust Investment Partners LLP bought a new position in shares of Hudbay Minerals in the second quarter worth $100,000. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Trading Up 0.9 %

HBM stock opened at $8.65 on Thursday. The company has a market capitalization of $3.41 billion, a PE ratio of 37.61 and a beta of 1.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals Inc. has a one year low of $4.25 and a one year high of $10.49. The company’s 50 day moving average price is $8.73 and its two-hundred day moving average price is $8.68.

Analyst Ratings Changes

Several brokerages recently commented on HBM. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of $11.17.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.