King Luther Capital Management Corp purchased a new stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 71,500 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors have also recently added to or reduced their stakes in USAS. Homrich & Berg bought a new position in shares of Americas Silver in the 2nd quarter worth approximately $28,000. Wells Fargo & Company MN boosted its holdings in shares of Americas Silver by 77.3% in the second quarter. Wells Fargo & Company MN now owns 35,473 shares of the company’s stock worth $83,000 after buying an additional 15,464 shares during the last quarter. ETF Managers Group LLC grew its position in Americas Silver by 30.1% during the first quarter. ETF Managers Group LLC now owns 360,649 shares of the company’s stock valued at $594,000 after buying an additional 83,460 shares during the period. Ruffer LLP bought a new stake in Americas Silver during the second quarter valued at approximately $3,015,000. Finally, WealthTrust Axiom LLC grew its position in Americas Silver by 12.5% during the second quarter. WealthTrust Axiom LLC now owns 1,803,431 shares of the company’s stock valued at $4,220,000 after buying an additional 200,522 shares during the period.

Several research firms have weighed in on USAS. HC Wainwright reiterated a “buy” rating and issued a $3.80 price target on shares of Americas Silver in a research report on Tuesday, May 14th. Zacks Investment Research raised shares of Americas Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

NYSEAMERICAN USAS traded up $0.06 on Wednesday, hitting $3.11. 3,261 shares of the company traded hands, compared to its average volume of 256,975. Americas Silver Corp has a 52-week low of $1.24 and a 52-week high of $3.92.

Americas Silver Company Profile

Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.

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Institutional Ownership by Quarter for Americas Silver (NYSEAMERICAN:USAS)

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