Skip to Content

Cannell & Co. owns $47.86 million in Teck Resources Limited stock (NYSE:TECK)

Cannell & Co. owns $47.86 million in Teck Resources Limited stock (NYSE:TECK)

Cannell & Co. disclosed in its most recent Form 13F filing with the Securities and Exchange Commission (SEC) that during the third quarter of 2015, the company’s holdings in Teck Resources Limited (NYSE: TECK) (TSE: TECK) increased by a factor of 494.8%. The company provided this information. The organization now has a total of 1,573,766 shares of the basic materials company’s stock after purchasing an additional 1,309,192 shares of the company’s stock during the quarter. Cannell & Co.’s portfolio contains Teck Resources, the 12th largest position, and accounts for 1.8% of the company’s total holdings. Teck Resources is ranked as the company’s 12th largest subsidiary. After the most recent reporting period, Cannell & Co. held 0.31% of Teck Resources, valued at $47,858,000.

Many other institutional investors and hedge funds have either increased or decreased the TECK they are currently holding throughout the past few months. Clarius Group LLC made a new investment in Teck Resources during the third quarter by contributing to the company $228,000. During the second quarter of the fiscal year, FDx Advisors Inc. increased the percentage of Teck Resources shares it owned by 141.4%. FDx Advisors Inc. now has a total of 14,235 shares of the common stock of the basic materials company after purchasing an additional 8,337 shares during the preceding quarter. This brings the company’s total number of shares to 14,235. The value of these shares at present is $435,000. Sumitomo Mitsui Trust Holdings Inc. increased the proportion of Teck Resources owned by 3.7% over the second quarter. After acquiring an additional 53,218 shares during the period, Sumitomo Mitsui Trust Holdings Inc. now has a total of 1,503,817 shares of the stock held by the company that deals in basic materials. The value of a share of the company’s stock on the market now is $45,983,000. The purchase of additional Teck Resources shares by Inherent Group LP cost approximately $5,585,000 in total during the second quarter. And finally, during the second quarter, Janney Montgomery Scott LLC added 9.9% more Teck Resources stock to its holdings, bringing the total percentage of the company’s ownership to 97%. As a result of the purchase of 7,382 additional shares of the basic materials business during the most recent quarter, Janney Montgomery Scott LLC now has a total ownership stake of 81,814 shares in the company. The total value of the holdings that Janney Montgomery Scott LLC has in this business comes to $2,718,000. Currently, hedge funds and other institutional investors own 56.15 percent of the company’s shares.

The price of a share of NYSE TECK fell by $1.05 during the lunch hour on Tuesday, bringing the stock price to $40.96. The stock had a trading volume that day of only 104,562 shares, which was significantly lower than its daily average of 2,874,637 shares. The company has a price-to-earnings ratio of 6.39, a price-


Leave a comment

Your email address will not be published. Required fields are marked *