Turquoise Hill Res LTD (TRQ) Shareholder Pentwater Capital Management LP Decreased Its Stake by $9.86 Million as Shares Declined

Turquoise Hill Resources Ltd. (NYSE:TRQ) Corporate Logo

The holdings In Turquoise Hill Res Ltd (TRQ) was decreased owned by Pentwater Capital Management Lp. According to 2018Q2 SEC form the reduction is 4.54%. By selling 4.93M shares Pentwater Capital Management Lp made the stock sank with 24.04%. At the end of 2018Q2, the 103.59 million shares of the precious metals company held by the hedge fund were valued at $294.19 million, down from 108.52M at the end of the previous reported quarter. Turquoise Hill Res Ltd has $3.61 billion market cap. The stock decreased 2.17% or $0.04 during the last trading session, hitting $1.8.Turquoise Hill Resources Ltd. has volume of 2.60 million shares. Since November 10, 2017 TRQ has declined 31.66% and is downtrending. The stock underperformed the S&P 500 by 47.28%.

A portfolio of $5.28B and $13.68 billion is managed by Pentwater Capital Management Lp. As it’s announced in SEC form the stake in Twenty First Centy Fox Inc (Put) is rose by 9.05M shares to 10.78 million shares. They are valued at $535.41M in 2018Q2. For a total of 1.02M shares it increased its holding in At&T Inc (NYSE:T) by 995,752 shares in the quarter, and has risen its stake in Powershares Qqq Trust (Put).

More recent Turquoise Hill Resources Ltd. (NYSE:TRQ) news were published by Seekingalpha.com, Seekingalpha.com and Seekingalpha.com. The first one has “Turquoise Hill Resources Ltd. (TRQ) CEO Ulf Quellmann on Q3 2018 Results – Earnings Call Transcript” as a title and was published on November 02, 2018. The next is “Turquoise Hill: More Questions Than Answers” on November 06, 2018. And last was published on October 16, 2018, called “Turquoise Hill -2.5% on Oyu Tolgoi underground production delay”.

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