Bank of America Corp DE boosted its holdings in Nexa Resources SA (NYSE:NEXA) by 90.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,487 shares of the company’s stock after buying an additional 30,708 shares during the period. Bank of America Corp DE’s holdings in Nexa Resources were worth $767,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of NEXA. Dimensional Fund Advisors LP boosted its stake in Nexa Resources by 389.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 272,275 shares of the company’s stock worth $3,284,000 after buying an additional 216,689 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Nexa Resources in the 3rd quarter worth about $1,926,000. Compass Group LLC boosted its stake in Nexa Resources by 35.2% in the 4th quarter. Compass Group LLC now owns 236,291 shares of the company’s stock worth $2,812,000 after buying an additional 61,536 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Nexa Resources by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 704,969 shares of the company’s stock worth $8,502,000 after buying an additional 54,724 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Nexa Resources by 25.6% in the 4th quarter. California Public Employees Retirement System now owns 47,243 shares of the company’s stock worth $562,000 after buying an additional 9,630 shares during the last quarter. 10.13% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Nexa Resources from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.38.
Nexa Resources (NYSE:NEXA) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). Nexa Resources had a negative return on equity of 1.12% and a net margin of 0.24%. The business had revenue of $570.00 million during the quarter, compared to analyst estimates of $567.66 million. Nexa Resources’s revenue for the quarter was down 15.7% on a year-over-year basis. Sell-side analysts expect that Nexa Resources SA will post 0.71 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.wkrb13.com/2019/05/16/bank-of-america-corp-de-has-767000-position-in-nexa-resources-sa-nexa.html.
About Nexa Resources
Nexa Resources SA, through its subsidiaries, engages in the zinc mining and smelting business. 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.
Featured Article: The primary rules of Elliott Wave theory
Want to see what other hedge funds are holding NEXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nexa Resources SA (NYSE:NEXA).
Receive News & Ratings for Nexa Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexa Resources and related companies with MarketBeat.com's FREE daily email newsletter.