KCG Holdings Inc. Sells 38,149 Shares of Turquoise Hill Resources Ltd. (NYSE:TRQ)

KCG Holdings Inc. reduced its position in Turquoise Hill Resources Ltd. (NYSE:TRQ) (TSE:TRQ) by 41.6% during the first quarter, Holdings Channel reports. The fund owned 53,569 shares of the basic materials company’s stock after selling 38,149 shares during the period. KCG Holdings Inc.’s holdings in Turquoise Hill Resources were worth $164,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. NN Investment Partners Holdings N.V. boosted its position in shares of Turquoise Hill Resources by 37.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 566,873 shares of the basic materials company’s stock worth $1,741,000 after buying an additional 154,988 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Turquoise Hill Resources by 65.4% in the fourth quarter. Renaissance Technologies LLC now owns 683,500 shares of the basic materials company’s stock worth $2,190,000 after buying an additional 270,200 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Turquoise Hill Resources during the fourth quarter worth about $150,000. Gulf International Bank UK Ltd boosted its position in shares of Turquoise Hill Resources by 12.4% in the first quarter. Gulf International Bank UK Ltd now owns 362,832 shares of the basic materials company’s stock worth $1,106,000 after buying an additional 40,000 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Turquoise Hill Resources by 40.6% in the fourth quarter. FMR LLC now owns 468,308 shares of the basic materials company’s stock worth $1,503,000 after buying an additional 135,308 shares during the last quarter. 31.32% of the stock is owned by institutional investors and hedge funds.

Shares of Turquoise Hill Resources Ltd. (TRQ) remained flat at $3.26 during trading on Tuesday. The stock had a trading volume of 1,400,554 shares. The company has a market capitalization of $6.56 billion, a PE ratio of 54.33 and a beta of 0.39. The stock’s 50-day moving average is $2.77 and its 200-day moving average is $2.99. Turquoise Hill Resources Ltd. has a 52-week low of $2.44 and a 52-week high of $3.80.

Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) last released its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $203.70 million for the quarter, compared to the consensus estimate of $223.14 million. Turquoise Hill Resources had a return on equity of 1.60% and a net margin of 14.20%. The company’s quarterly revenue was down 38.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities research analysts expect that Turquoise Hill Resources Ltd. will post ($0.01) EPS for the current year.

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TRQ has been the subject of a number of recent research reports. Credit Suisse Group reaffirmed a “neutral” rating on shares of Turquoise Hill Resources in a report on Tuesday, April 18th. ValuEngine cut Turquoise Hill Resources from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Turquoise Hill Resources in a report on Wednesday, April 19th. Finally, BidaskClub raised Turquoise Hill Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.90.

Turquoise Hill Resources Company Profile

Turquoise Hill Resources Ltd. is an international mining company. The Company focuses on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia, which is the Company’s principal material mineral resource property. The Company’s Oyu Tolgoi mine is held through approximately 65% interest in Oyu Tolgoi LLC (Oyu Tolgoi) and the remaining approximately 35% interest is held by Erdenes Oyu Tolgoi LLC (Erdenes).

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Institutional Ownership by Quarter for Turquoise Hill Resources (NYSE:TRQ)

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