Freeport-McMoRan Inc. $FCX Stock Holdings Lifted by Lansdowne Partners UK LLP
Lansdowne Partners UK LLP grew its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX[1] - Free Report[2]) by 100.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,290 shares of the natural resource company's stock after purchasing an additional 279,328 shares during the quarter. Freeport-McMoRan comprises approximately 3.0% of Lansdowne Partners UK LLP's portfolio, making the stock its 8th biggest holding.
Lansdowne Partners UK LLP's holdings in Freeport-McMoRan were worth £21,137,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Freeport-McMoRan by 24.2% in the fourth quarter.
Brighton Jones LLC now owns 14,807 shares of the natural resource company's stock valued at £564,000 after acquiring an additional 2,882 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Freeport-McMoRan by 27.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 540,046 shares of the natural resource company's stock valued at £20,565,000 after acquiring an additional 115,552 shares during the period.
AQR Capital Management LLC boosted its position in shares of Freeport-McMoRan by 127.8% in the fourth quarter. AQR Capital Management LLC now owns 792,901 shares of the natural resource company's stock valued at £30,194,000 after acquiring an additional 444,763 shares during the period. Voleon Capital Management LP bought a new position in shares of Freeport-McMoRan in the fourth quarter valued at approximately £3,760,000.
Finally, Bison Wealth LLC boosted its position in shares of Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company's stock valued at £366,000 after acquiring an additional 507 shares during the period. Institutional investors own 80.77% of the company's stock.
Freeport-McMoRan Trading Up 0.7%
Shares of FCX[3] traded up £0.31 during mid-day trading on Tuesday, reaching £44.71.
The company's stock had a trading volume of 6,055,655 shares, compared to its average volume of 15,470,274. The stock has a market cap of £64.19 billion, a PE ratio of 33.86, a P/E/G ratio of 0.84 and a beta of 1.59. The company has a current ratio of 2.47, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.
Freeport-McMoRan Inc. has a 52 week low of £27.66 and a 52 week high of £52.61.
The company's fifty day moving average price is £43.41 and its two-hundred day moving average price is £39.68.