Ternium S.A. Ternium S.A. Ameri (NYSE:TX).
Genesis Asset Managers, Llp says it sold 1,183,086 shares during the last quarter decreasing its exposure to Ternium S.A. Ternium S.A. Ameri by 25.8%. Its investment stood at $95,754,000 a decrease of $24,187,000 according to the filing.
Genesis Asset Managers, Llp isn’t the only one who has changed their investment in TX. Bank Of Montreal /can/ divested its ownership by shedding 108,074 shares a decrease of 99.9% in the quarter. Bank Of Montreal /can/ claims 115 shares with a value of $3,000. The value of the position overall is down by 99.9%. As of the end of the quarter Copper Rock Capital Partners, LLC had bought a total of 60,089 shares growing its stake by 55.4%. The value of the investment in Ternium S.A. Ternium S.A. Ameri went from $2,835,000 to $4,533,000 a change of 59.9% quarter to quarter.
As of quarter end Dnb Asset Management As had disposed of 100 shares trimming its holdings by 0.4%. The value of the total investment in Ternium S.A. Ternium S.A. Ameri increased from $626,000 to $671,000 increasing 7.2% since the last quarter.
Berenberg starting coverage on TX giving it an initial rating of “Buy”. On November 9 the stock rating was downgraded to “Hold” from “Buy” by analysts at HSBC.
On November 3, 2016 the stock rating was changed to a “Outperform” in a report from Itau BBA which was a boost from the previous “” rating. On July 20 the company was downgraded from “” to “Neutral” in a statement from UBS.
On July 7 JP Morgan made no change to the stock rating of “Overweight” and moved up the price target from $18.00 to $27.00. On May 13, 2016 HSBC started coverage with an initial rating of “Buy”.
The company is so far trading up by 0.45 percent from yesterday’s close. Additionally the company recently announced a dividend paid on Friday the 19th of May 2017. The dividend payment was $0.250 per share for the quarter which is $1.00 annualized. The dividend yield was $3.57. The ex-dividend date was set for Friday the 5th of May 2017.
Company chares are trading at $28.97 which is a tad above $25.77, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $25.11. The 50 day moving average went up by +12.47% and the 200 day average went up $3.87 or +15.43%.
The P/E ratio is currently 7.46 and the market value is 5.69B. As of the latest earnings report the EPS was $3.88 and is estimated to be $3.20 for the current year with 196,307,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.54 with next year’s EPS projected to be $3.03.