Madison Asset Management LLC Purchases New Shares in South32 Ltd. $SOUHY

Madison Asset Management LLC acquired a new position in South32 Ltd. (OTCMKTS:SOUHY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 154,225 shares of the basic materials company’s stock, valued at approximately $1,618,000.

Separately, J.Safra Asset Management Corp bought a new stake in shares of South32 during the 2nd quarter valued at $266,000. 0.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SOUHY has been the subject of a number of recent research reports. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup restated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

South32 Stock Up 1.0%

South32 stock opened at $17.39 on Friday. South32 Ltd. has a one year low of $8.07 and a one year high of $18.17. The business’s fifty day moving average is $15.37 and its 200 day moving average is $15.57. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.