Alpha Cubed Investments LLC Takes $274,000 Position in Americas Silver Corp (NYSEAMERICAN:USAS)

Alpha Cubed Investments LLC bought a new position in shares of Americas Silver Corp (NYSEAMERICAN:USAS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 729,625 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds also recently added to or reduced their stakes in USAS. The Manufacturers Life Insurance Company purchased a new stake in shares of Americas Silver during the third quarter valued at $631,000. Renaissance Technologies LLC lifted its position in Americas Silver by 2,806.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,194,900 shares of the company’s stock worth $286,000 after acquiring an additional 1,153,783 shares during the period. XTX Topco Ltd acquired a new stake in Americas Silver during the 3rd quarter worth about $26,000. Finally, Hollencrest Capital Management increased its holdings in shares of Americas Silver by 34.4% in the third quarter. Hollencrest Capital Management now owns 1,217,076 shares of the company’s stock valued at $372,000 after purchasing an additional 311,648 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $0.80 price objective on shares of Americas Silver in a research note on Thursday, October 10th.

Americas Silver Trading Up 0.3 %

USAS opened at $0.50 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.42. Americas Silver Corp has a 1 year low of $0.20 and a 1 year high of $0.54.

Americas Silver (NYSEAMERICAN:USAS) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Americas Silver had a negative return on equity of 67.24% and a negative net margin of 44.76%. The company had revenue of $21.02 million for the quarter. As a group, equities research analysts predict that Americas Silver Corp will post -0.14 earnings per share for the current fiscal year.

Americas Silver Company Profile

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.