Hudbay Minerals (HBM) Holder Letko Brosseau & Associates Has Raised Position by $7.35 Million; Citigroup (C) Share Price Rose While Seminole Management Decreased Its Stake

December 8, 2017 - By Nellie Frank

Letko Brosseau & Associates Inc increased its stake in Hudbay Minerals Inc (HBM) by 5.68% based on its latest 2017Q2 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 1.47M shares as the company’s stock declined 33.74% while stock markets rallied. The institutional investor held 27.36M shares of the precious metals company at the end of 2017Q2, valued at $158.02 million, up from 25.89M at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Hudbay Minerals Inc for a number of months, seems to be bullish on the $1.84 billion market cap company. The stock decreased 0.71% or $0.05 during the last trading session, reaching $6.95. About 640,801 shares traded. Hudbay Minerals Inc. (NYSE:HBM) has risen 39.53% since December 8, 2016 and is uptrending. It has outperformed by 22.83% the S&P500.

Michael Messner decreased its stake in Citigroup Inc (C) by 6.95% based on its latest 2017Q2 regulatory filing with the SEC. Seminole Management sold 54,592 shares as the company’s stock rose 1.55% with the market. The hedge fund run by Michael Messner held 731,100 shares of the major banks company at the end of 2017Q2, valued at $48.90 million, down from 785,692 at the end of the previous reported quarter. Seminole Management who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $198.25 billion market cap company. The stock decreased 0.61% or $0.46 during the last trading session, reaching $74.98. About 19.17 million shares traded or 24.87% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since December 8, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Letko Brosseau & Associates Inc, which manages about $24.00 billion and $10.23 billion US Long portfolio, decreased its stake in Suncor Energy Inc New (NYSE:SU) by 181,606 shares to 13.41 million shares, valued at $391.30 million in 2017Q2, according to the filing. It also reduced its holding in Adient Plc by 6,603 shares in the quarter, leaving it with 113,229 shares, and cut its stake in Bank N S Halifax (NYSE:BNS).

More important recent Hudbay Minerals Inc. (NYSE:HBM) news were published by: Seekingalpha.com which released: “HudBay Minerals’ (HBM) CEO Alan Hair on Q2 2017 Results – Earnings Call Transcript” on August 04, 2017, also Fool.com published article titled: “Here’s Why Hudbay Minerals Inc. Fell as Much as 12.9% Today”, Seekingalpha.com published: “Hudbay Minerals Is Still 25% Undervalued” on August 08, 2017. More interesting news about Hudbay Minerals Inc. (NYSE:HBM) was released by: Seekingalpha.com and their article: “Hudbay Minerals’ (HBM) CEO Alan Hair on Q3 2017 Results – Earnings Call Transcript” with publication date: November 02, 2017.

Among 5 analysts covering Hudbay Minerals Inc (NYSE:HBM), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Hudbay Minerals Inc has $13 highest and $4 lowest target. $9.66’s average target is 38.99% above currents $6.95 stock price. Hudbay Minerals Inc had 14 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, August 2 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The company was upgraded on Thursday, August 6 by Canaccord Genuity. BMO Capital Markets upgraded Hudbay Minerals Inc. (NYSE:HBM) on Thursday, September 29 to “Outperform” rating. The company was maintained on Monday, October 2 by BMO Capital Markets. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, April 19. The firm has “Outperform” rating by RBC Capital Markets given on Monday, May 16. Barclays Capital downgraded it to “Underweight” rating and $4 target in Thursday, January 14 report. As per Thursday, September 3, the company rating was maintained by Raymond James. Credit Suisse maintained the stock with “Neutral” rating in Monday, September 11 report.

Investors sentiment is 1.1 in Q2 2017. Its the same as in 2017Q1. It is without change, as 67 investors sold C shares while 443 reduced holdings. only 124 funds opened positions while 435 raised stakes. 2.03 billion shares or 1.74% more from 2.00 billion shares in 2017Q1 were reported. The North Carolina-based Global Endowment Mngmt Lp has invested 0.06% in Citigroup Inc. (NYSE:C). Rmb Mngmt Limited Liability Corporation has invested 0.07% in Citigroup Inc. (NYSE:C). Hartford Management stated it has 0.05% of its portfolio in Citigroup Inc. (NYSE:C). Nj State Employees Deferred Compensation Plan reported 8,000 shares. Sigma Planning Corporation holds 0.09% in Citigroup Inc. (NYSE:C) or 14,955 shares. Ngam Advsr LP holds 0.62% of its portfolio in Citigroup Inc. (NYSE:C) for 854,558 shares. 15,190 were accumulated by Daiwa Sb Invs Limited. Menta Limited Liability has 0.14% invested in Citigroup Inc. (NYSE:C). Boston Ptnrs reported 23.77 million shares stake. Schwartz Investment Counsel accumulated 31,700 shares or 0.14% of the stock. Moreover, Security Trust has 0.03% invested in Citigroup Inc. (NYSE:C). Hudson Bay Management LP holds 67,000 shares. Stifel Corp invested in 404,103 shares. 4.89M were accumulated by Ny State Teachers Retirement System. Harris Associate Limited Partnership has 41.35 million shares.

Among 37 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 15 Hold. Therefore 51% are positive. Citigroup Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Monday, October 9. On Tuesday, January 5 the stock rating was maintained by Oppenheimer with “Perform”. The firm earned “Neutral” rating on Friday, September 16 by Goldman Sachs. The firm has “Overweight” rating given on Wednesday, August 26 by JP Morgan. Iberia Capital Partners downgraded the stock to “Underperform” rating in Monday, September 21 report. On Sunday, July 16 the stock rating was maintained by Renaissance Macro Securities LLC with “Buy”. The stock of Citigroup Inc. (NYSE:C) earned “Hold” rating by Deutsche Bank on Wednesday, August 12. As per Friday, October 6, the company rating was maintained by BMO Capital Markets. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, September 18 report. The stock has “Outperform” rating by Macquarie Research on Friday, November 10.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on January, 17. They expect $1.27 earnings per share, up 11.40% or $0.13 from last year’s $1.14 per share. C’s profit will be $3.36 billion for 14.76 P/E if the $1.27 EPS becomes a reality. After $1.42 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -10.56% negative EPS growth.

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