Russell Investments Group Ltd. trimmed its holdings in shares of Nexa Resources SA (NYSE:NEXA) by 75.6% in the second quarter, HoldingsChannel.com reports. The fund owned 23,364 shares of the company’s stock after selling 72,480 shares during the quarter. Russell Investments Group Ltd.’s holdings in Nexa Resources were worth $275,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Nexa Resources by 3.3% during the 1st quarter. JPMorgan Chase & Co. now owns 640,923 shares of the company’s stock worth $11,223,000 after acquiring an additional 20,282 shares during the period. Newfoundland Capital Management lifted its holdings in shares of Nexa Resources by 291.3% during the 1st quarter. Newfoundland Capital Management now owns 223,440 shares of the company’s stock worth $3,912,000 after acquiring an additional 166,344 shares during the period. New York State Common Retirement Fund increased its position in shares of Nexa Resources by 25.5% during the 1st quarter. New York State Common Retirement Fund now owns 80,365 shares of the company’s stock worth $1,407,000 after purchasing an additional 16,313 shares in the last quarter. Diversified Trust Co increased its position in shares of Nexa Resources by 35.4% during the 2nd quarter. Diversified Trust Co now owns 29,762 shares of the company’s stock worth $350,000 after purchasing an additional 7,788 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Nexa Resources in the 2nd quarter valued at about $333,000. 11.50% of the stock is owned by institutional investors.
Shares of NYSE:NEXA opened at $12.80 on Tuesday. Nexa Resources SA has a one year low of $10.52 and a one year high of $21.61. The company has a quick ratio of 2.04, a current ratio of 2.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.61 billion and a PE ratio of 9.01.
Nexa Resources (NYSE:NEXA) last issued its quarterly earnings results on Tuesday, July 31st. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.17. Nexa Resources had a net margin of 4.47% and a return on equity of 4.21%. The company had revenue of $636.52 million during the quarter. As a group, equities research analysts forecast that Nexa Resources SA will post 0.54 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Nexa Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. ValuEngine upgraded shares of Nexa Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Bank of America cut shares of Nexa Resources from a “buy” rating to an “underperform” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Nexa Resources presently has an average rating of “Buy” and a consensus price target of $22.59.
Nexa Resources Company Profile
Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business in Latin America. It also produces copper, lead, silver and gold deposits. The company owns and operates five mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.
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