River & Mercantile Asset Management LLP bought a new position in shares of Ternium SA (NYSE:TX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 117,000 shares of the basic materials company’s stock, valued at approximately $3,695,000.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Ternium during the third quarter worth approximately $652,000. Van ECK Associates Corp increased its holdings in Ternium by 8.3% during the third quarter. Van ECK Associates Corp now owns 496,360 shares of the basic materials company’s stock valued at $15,352,000 after buying an additional 38,109 shares during the period. Copper Rock Capital Partners LLC increased its holdings in Ternium by 31.9% during the fourth quarter. Copper Rock Capital Partners LLC now owns 218,974 shares of the basic materials company’s stock valued at $6,882,000 after buying an additional 53,005 shares during the period. Trexquant Investment LP purchased a new position in Ternium during the third quarter valued at approximately $317,000. Finally, Contrarian Capital Management L.L.C. increased its holdings in Ternium by 3.5% during the third quarter. Contrarian Capital Management L.L.C. now owns 1,172,400 shares of the basic materials company’s stock valued at $36,262,000 after buying an additional 40,167 shares during the period. 19.44% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on TX. ValuEngine raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Zacks Investment Research raised shares of Ternium from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Saturday, January 6th. Scotiabank set a $43.00 price objective on shares of Ternium and gave the company a “buy” rating in a report on Thursday, February 8th. Santander raised shares of Ternium from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Morgan Stanley raised shares of Ternium from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Ternium currently has an average rating of “Buy” and an average price target of $33.08.

Ternium SA (NYSE:TX) opened at $34.07 on Tuesday. The stock has a market cap of $6,617.65, a P/E ratio of 7.88, a P/E/G ratio of 1.14 and a beta of 1.15. Ternium SA has a 1-year low of $22.22 and a 1-year high of $36.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.52.

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About Ternium

Ternium SA is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company.

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Institutional Ownership by Quarter for Ternium (NYSE:TX)

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