Millennium Management LLC Sells 418,494 Shares of Americas Silver Corp (NYSEAMERICAN:USAS)

Millennium Management LLC reduced its stake in shares of Americas Silver Corp (NYSEAMERICAN:USAS) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,868,621 shares of the company’s stock after selling 418,494 shares during the quarter. Millennium Management LLC owned 1.16% of Americas Silver worth $1,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of USAS. HighTower Advisors LLC bought a new position in shares of Americas Silver during the fourth quarter valued at about $47,000. American Century Companies Inc. bought a new stake in shares of Americas Silver in the fourth quarter worth about $73,000. Bank of America Corp DE grew its stake in shares of Americas Silver by 273,321.1% in the fourth quarter. Bank of America Corp DE now owns 207,800 shares of the company’s stock worth $78,000 after purchasing an additional 207,724 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Americas Silver in the fourth quarter worth about $94,000. Finally, Cetera Investment Advisers grew its stake in shares of Americas Silver by 4.8% in the fourth quarter. Cetera Investment Advisers now owns 428,844 shares of the company’s stock worth $167,000 after purchasing an additional 19,696 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

Americas Silver Stock Up 5.6%

Shares of USAS opened at $0.81 on Thursday. The company has a market capitalization of $200.01 million, a P/E ratio of -4.48 and a beta of 1.20. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $0.58. Americas Silver Corp has a twelve month low of $0.21 and a twelve month high of $0.82.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on Americas Silver from $0.90 to $1.00 and gave the stock a “buy” rating in a research note on Friday, March 28th.

Americas Silver 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.