Scotia Capital Inc. Sells 71,216 Shares of Ero Copper Corp. (NYSE:ERO)

Scotia Capital Inc. cut its stake in shares of Ero Copper Corp. (NYSE:EROFree Report) by 48.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 75,000 shares of the company’s stock after selling 71,216 shares during the period. Scotia Capital Inc.’s holdings in Ero Copper were worth $1,290,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Qube Research & Technologies Ltd purchased a new position in shares of Ero Copper during the 3rd quarter valued at about $27,000. Deutsche Bank AG purchased a new position in shares of Ero Copper in the 4th quarter worth approximately $66,000. Citigroup Inc. purchased a new position in shares of Ero Copper in the 2nd quarter worth approximately $144,000. Quantbot Technologies LP purchased a new position in shares of Ero Copper in the 3rd quarter worth approximately $131,000. Finally, Bank of America Corp DE boosted its holdings in Ero Copper by 77.3% during the 4th quarter. Bank of America Corp DE now owns 10,854 shares of the company’s stock valued at $149,000 after acquiring an additional 4,732 shares during the period. 52.86% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Price Performance

ERO opened at $16.56 on Friday. The business has a fifty day moving average of $15.90 and a 200 day moving average of $15.74. Ero Copper Corp. has a 52-week low of $11.35 and a 52-week high of $24.38. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.70 billion, a P/E ratio of 16.90 and a beta of 1.24.

Ero Copper (NYSE:EROGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. The firm had revenue of $116.41 million during the quarter, compared to analysts’ expectations of $104.20 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. As a group, sell-side analysts anticipate that Ero Copper Corp. will post 1.38 EPS for the current year.

Ero Copper Profile

(Free Report)

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.

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Institutional Ownership by Quarter for Ero Copper (NYSE:ERO)

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