Madison Asset Management LLC Makes New $1.62 Million Investment in South32 Ltd. $SOUHY

Madison Asset Management LLC bought a new stake in shares of South32 Ltd. (OTCMKTS:SOUHY) in the second quarter, HoldingsChannel.com reports. The firm bought 154,225 shares of the basic materials company’s stock, valued at approximately $1,618,000.

Separately, J.Safra Asset Management Corp purchased a new position in shares of South32 in the 2nd quarter worth $266,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SOUHY. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reissued a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

South32 Price Performance

Shares of SOUHY stock opened at $17.39 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. South32 Ltd. has a one year low of $8.07 and a one year high of $18.17. The company’s fifty day moving average price is $15.37 and its 200-day moving average price is $15.57.

South32 Company Profile

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.