Ontario Teachers Pension Plan Board cut its holdings in shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) by 46.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,982 shares of the basic materials company’s stock after selling 79,452 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Turquoise Hill Resources were worth $308,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Quantitative Systematic Strategies LLC bought a new stake in Turquoise Hill Resources during the fourth quarter valued at about $137,000. American International Group Inc. bought a new stake in Turquoise Hill Resources during the fourth quarter valued at about $185,000. Comerica Bank raised its holdings in Turquoise Hill Resources by 55.6% during the fourth quarter. Comerica Bank now owns 168,386 shares of the basic materials company’s stock valued at $549,000 after acquiring an additional 60,173 shares during the period. Korea Investment CORP bought a new stake in Turquoise Hill Resources during the third quarter valued at about $215,000. Finally, Alliancebernstein L.P. raised its holdings in Turquoise Hill Resources by 118.2% during the second quarter. Alliancebernstein L.P. now owns 150,793 shares of the basic materials company’s stock valued at $400,000 after acquiring an additional 81,680 shares during the period. 34.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Turquoise Hill Resources Ltd (NYSE TRQ) opened at $2.92 on Wednesday. The company has a current ratio of 6.85, a quick ratio of 6.38 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $5,890.00, a PE ratio of 26.55 and a beta of 0.17. Turquoise Hill Resources Ltd has a twelve month low of $2.44 and a twelve month high of $3.59.
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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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