432,342 Shares in Freeport-McMoRan Inc. $FCX Acquired by Albar Capital Partners LLP
Albar Capital Partners LLP bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX[1] - Free Report[2]) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 432,342 shares of the natural resource company's stock, valued at approximately £16,368,000. Freeport-McMoRan comprises approximately 7.4% of Albar Capital Partners LLP's portfolio, making the stock its 5th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Freeport-McMoRan by 1.5% in the first quarter. Vanguard Group Inc. now owns 125,042,285 shares of the natural resource company's stock valued at £4,734,101,000 after acquiring an additional 1,822,987 shares during the last quarter.
Price T Rowe Associates Inc. MD lifted its stake in Freeport-McMoRan by 17.8% in the first quarter. Price T Rowe Associates Inc.
MD now owns 37,547,489 shares of the natural resource company's stock valued at £1,421,549,000 after acquiring an additional 5,661,958 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Freeport-McMoRan by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 21,942,063 shares of the natural resource company's stock valued at £830,726,000 after acquiring an additional 2,642,810 shares during the last quarter.
Dimensional Fund Advisors LP lifted its stake in shares of Freeport-McMoRan by 16.0% in the first quarter. Dimensional Fund Advisors LP now owns 13,162,058 shares of the natural resource company's stock worth £498,270,000 after buying an additional 1,815,285 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Freeport-McMoRan by 21.7% in the first quarter.
Goldman Sachs Group Inc. now owns 11,968,781 shares of the natural resource company's stock worth £453,138,000 after buying an additional 2,133,846 shares during the last quarter.
80.77% of the stock is currently owned by institutional investors and hedge funds.
Freeport-McMoRan Price Performance
Shares of FCX[3] traded up £1.22 during trading hours on Wednesday, hitting £46.16. The stock had a trading volume of 6,331,398 shares, compared to its average volume of 15,456,560. The company's fifty day moving average is £43.47 and its two-hundred day moving average is £39.72.
The stock has a market capitalization of £66.28 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 0.84 and a beta of 1.59.
The company has a debt-to-equity ratio of 0.30, a current ratio of 2.47 and a quick ratio of 1.21.
Freeport-McMoRan Inc. has a 52 week low of £27.66 and a 52 week high of £52.61.