Two Sigma Investments LP Has $27.01 Million Position in Freeport-McMoRan Inc. (NYSE:FCX)
Two Sigma Investments LP reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX[1] - Free Report[2]) by 62.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709,225 shares of the natural resource company's stock after selling 1,172,666 shares during the quarter. Two Sigma Investments LP's holdings in Freeport-McMoRan were worth £27,007,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Asset Planning Inc acquired a new stake in Freeport-McMoRan in the fourth quarter valued at approximately £25,000. Mizuho Bank Ltd. acquired a new stake in Freeport-McMoRan in the fourth quarter valued at approximately £26,000.
Vision Financial Markets LLC acquired a new stake in Freeport-McMoRan in the fourth quarter valued at approximately £27,000. Roxbury Financial LLC acquired a new stake in Freeport-McMoRan in the fourth quarter valued at approximately £28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Freeport-McMoRan in the fourth quarter valued at approximately £29,000.
80.77% of the stock is currently owned by institutional investors and hedge funds.
Freeport-McMoRan Stock Performance
FCX stock[3] traded up £0.47 on Tuesday, reaching £39.49.
3,504,007 shares of the company were exchanged, compared to its average volume of 13,463,036. Freeport-McMoRan Inc. has a 12 month low of £27.66 and a 12 month high of £53.89. The stock's fifty day moving average price is £36.47 and its 200 day moving average price is £38.51.
The firm has a market capitalization of £56.75 billion, a PE ratio of 30.58, a PEG ratio of 0.87 and a beta of 1.65.
The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18.