Ulland Investment Advisors LLC Sells 646 Shares of Southern Copper Co. (NYSE:SCCO)

Ulland Investment Advisors LLC lessened its stake in Southern Copper Co. (NYSE:SCCO) by 26.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,781 shares of the basic materials company’s stock after selling 646 shares during the period. Ulland Investment Advisors LLC’s holdings in Southern Copper were worth $162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its holdings in Southern Copper by 30.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 893 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 210 shares during the period. RoundAngle Advisors LLC purchased a new position in shares of Southern Copper during the fourth quarter valued at $1,200,000. Ameritas Advisory Services LLC raised its holdings in shares of Southern Copper by 18.2% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,500 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 538 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Southern Copper in the fourth quarter worth about $1,106,000. Finally, Avanza Fonder AB bought a new position in Southern Copper during the 4th quarter worth about $829,000. Institutional investors own 7.94% of the company’s stock.

Southern Copper Price Performance

Shares of SCCO stock opened at $98.10 on Tuesday. The firm has a market capitalization of $77.06 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock’s 50-day simple moving average is $97.79 and its 200-day simple moving average is $104.10. Southern Copper Co. has a fifty-two week low of $77.42 and a fifty-two week high of $129.79.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SCCO shares. Scotiabank reduced their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a report on Tuesday, October 15th. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research report on Monday, December 2nd. Finally, Citigroup boosted their price target on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.81.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.