Marshall Wace LLP Buys Shares of 55,445 Nexa Resources SA (NYSE:NEXA)

Marshall Wace LLP purchased a new position in shares of Nexa Resources SA (NYSE:NEXA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 55,445 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Nexa Resources in the fourth quarter worth $6,532,000. Dimensional Fund Advisors LP increased its position in shares of Nexa Resources by 45.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 396,044 shares of the company’s stock worth $4,713,000 after purchasing an additional 123,769 shares during the period. Deutsche Bank AG increased its position in shares of Nexa Resources by 0.3% in the fourth quarter. Deutsche Bank AG now owns 252,508 shares of the company’s stock worth $3,003,000 after purchasing an additional 838 shares during the period. Sagil Capital LLP increased its position in shares of Nexa Resources by 44.0% in the first quarter. Sagil Capital LLP now owns 155,162 shares of the company’s stock worth $1,932,000 after purchasing an additional 47,415 shares during the period. Finally, Bank of America Corp DE grew its position in Nexa Resources by 90.9% in the fourth quarter. Bank of America Corp DE now owns 64,487 shares of the company’s stock valued at $767,000 after acquiring an additional 30,708 shares during the last quarter. 8.52% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the company. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. assumed coverage on INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.90.

Shares of NEXA stock traded up $0.07 during mid-day trading on Friday, reaching $9.20. 53,521 shares of the stock traded hands, compared to its average volume of 62,158. The business has a fifty day moving average price of $9.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.95 and a current ratio of 2.42. The stock has a market capitalization of $1.22 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. Nexa Resources SA has a 1-year low of $8.22 and a 1-year high of $14.33.

Nexa Resources (NYSE:NEXA) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.29). The company had revenue of $570.00 million during the quarter, compared to analyst estimates of $567.66 million. Nexa Resources had a negative return on equity of 1.12% and a net margin of 0.24%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. Equities research analysts expect that Nexa Resources SA will post 0.25 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Nexa Resources (NYSE:NEXA)

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