Denali Advisors LLC Has Cut Its Southern Copper Corp. (SCCO) Holding by $3.62 Million; Share Value Declined

September 8, 2018 - By Matthew Richard

Southern Copper Corporation (NYSE:SCCO) LogoInvestors sentiment increased to 1.1 in Q1 2018. Its up 0.03, from 1.07 in 2017Q4. It is positive, as 21 investors sold SCCO shares while 80 reduced holdings. 44 funds opened positions while 67 raised stakes. 53.48 million shares or 8.87% more from 49.13 million shares in 2017Q4 were reported. Twin Tree Management LP stated it has 0.01% in Southern Copper Corporation (NYSE:SCCO). Reilly Advsrs Ltd Liability Company has invested 0% of its portfolio in Southern Copper Corporation (NYSE:SCCO). Asset One Ltd has invested 0.01% in Southern Copper Corporation (NYSE:SCCO). Atria Invs Ltd Liability Corporation holds 0.01% or 4,485 shares. Barclays Public Ltd Co stated it has 52,706 shares or 0% of all its holdings. 15,285 were reported by Utah Retirement. Los Angeles Capital Management Equity holds 582,046 shares. State Of Alaska Department Of Revenue holds 0.01% or 7,539 shares in its portfolio. Fisher Asset Management Ltd Liability Corp stated it has 3,994 shares or 0% of all its holdings. Vanguard Gru Inc has invested 0% in Southern Copper Corporation (NYSE:SCCO). Employees Retirement Systems Of Texas holds 21,258 shares or 0.02% of its portfolio. Personal Capital Advsr holds 0.61% or 725,449 shares. Parametric Ltd Liability Com has 1.17 million shares for 0.06% of their portfolio. Nordea Invest Mgmt accumulated 159,179 shares or 0.02% of the stock. Hansberger Growth Invsts Lp holds 67,347 shares.

Since June 5, 2018, it had 0 insider buys, and 1 insider sale for $81,920 activity.

Denali Advisors Llc decreased its stake in Southern Copper Corp. (SCCO) by 19.43% based on its latest 2018Q1 regulatory filing with the SEC. Denali Advisors Llc sold 67,000 shares as the company’s stock declined 6.94% with the market. The institutional investor held 277,800 shares of the precious metals company at the end of 2018Q1, valued at $15.05 million, down from 344,800 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Southern Copper Corp. for a number of months, seems to be less bullish one the $31.26B market cap company. The stock decreased 2.44% or $1.01 during the last trading session, reaching $40.44. About 1.47 million shares traded or 47.80% up from the average. Southern Copper Corporation (NYSE:SCCO) has risen 43.41% since September 8, 2017 and is uptrending. It has outperformed by 30.84% the S&P500.

Denali Advisors Llc, which manages about $357.49M and $623.59M US Long portfolio, upped its stake in Tyson Foods (NYSE:TSN) by 52,100 shares to 178,300 shares, valued at $13.05M in 2018Q1, according to the filing. It also increased its holding in Fifth Third Bancorp (NASDAQ:FITB) by 172,200 shares in the quarter, for a total of 319,500 shares, and has risen its stake in Coherent Inc. (NASDAQ:COHR).

Another recent and important Southern Copper Corporation (NYSE:SCCO) news was published by which published an article titled: “Reuters: Peru president sees lithium, uranium laws passed in six months” on August 10, 2018.

Southern Copper Corporation (NYSE:SCCO) Ratings Coverage

Among 3 analysts covering Southern Copper (NYSE:SCCO), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Southern Copper had 3 analyst reports since April 13, 2018 according to SRatingsIntel. The company was downgraded on Thursday, April 19 by FBR Capital. JP Morgan downgraded the stock to “Underweight” rating in Friday, April 13 report. The rating was downgraded by J.P. Morgan on Friday, April 13 to “Sell”.

Southern Copper Corporation (NYSE:SCCO) Institutional Positions Chart

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