Wellington Shields Capital Management LLC bought a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,400 shares of the basic materials company’s stock, valued at approximately $220,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TECK. Bartlett & Co. LLC purchased a new stake in shares of Teck Resources during the fourth quarter worth about $118,000. PNC Financial Services Group Inc. bought a new stake in Teck Resources in the second quarter valued at about $124,000. C M Bidwell & Associates Ltd. bought a new stake in Teck Resources in the fourth quarter valued at about $199,000. Private Advisor Group LLC bought a new stake in Teck Resources in the third quarter valued at about $200,000. Finally, Shelton Capital Management bought a new stake in Teck Resources in the second quarter valued at about $202,000. 52.97% of the stock is currently owned by institutional investors and hedge funds.
Teck Resources Ltd (TECK) opened at $27.70 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. Teck Resources Ltd has a 52 week low of $14.56 and a 52 week high of $30.79. The company has a market capitalization of $15,055.49, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40.
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Teck Resources Profile
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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