Caxton Associates LP cut its holdings in Ternium S.A. (NYSE:TX – Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,632 shares of the basic materials company’s stock after selling 5,964 shares during the period. Caxton Associates LP’s holdings in Ternium were worth $1,899,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TX. Key Financial Inc grew its stake in shares of Ternium by 5,900.0% in the fourth quarter. Key Financial Inc now owns 600 shares of the basic materials company’s stock valued at $25,000 after buying an additional 590 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Ternium in the fourth quarter valued at $30,000. Activest Wealth Management bought a new position in shares of Ternium in the first quarter valued at $44,000. Allspring Global Investments Holdings LLC grew its stake in shares of Ternium by 49.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,053 shares of the basic materials company’s stock valued at $45,000 after buying an additional 350 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Ternium by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,759 shares of the basic materials company’s stock valued at $75,000 after buying an additional 287 shares in the last quarter. 11.98% of the stock is currently owned by institutional investors and hedge funds.
Ternium Stock Performance
TX stock traded down $0.32 during midday trading on Tuesday, reaching $35.58. 80,173 shares of the company were exchanged, compared to its average volume of 211,472. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.32 and a quick ratio of 1.98. The business has a 50-day moving average price of $38.56 and a two-hundred day moving average price of $39.90. Ternium S.A. has a one year low of $35.22 and a one year high of $45.10. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.24 and a beta of 1.79.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Ternium
About Ternium
Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.
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