Pentwater Capital Management LP Decreased Its Stake in Turquoise Hill Res LTD (TRQ)

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

Pentwater Capital Management Lp’s stake in Turquoise Hill Res Ltd (TRQ) is reduced by 4.54% based on its latest 2018Q2 regulatory filing with the SEC. By selling 4.93 million shares Pentwater Capital Management Lp made the stock sank with 24.04%. The hedge fund is holding 103.59M shares, compared to the 108.52 million from the previous quarter. And the reported value of the precious metals company is $294.19M for the 2018Q2. $3.61B is the market cap of Turquoise Hill Res Ltd. Ticker’s shares touched $1.8 during the last trading session after 2.17% change.Currently Turquoise Hill Resources Ltd. is downtrending after 31.66% change in last November 10, 2017. TRQ has also 2.60M shares volume. TRQ underperformed the S&P500 by 47.28%.

About $5.28B and $13.68 billion US Long portfolio Pentwater Capital Management Lp operates. It upped its stake in Express Scripts Holding Co (NASDAQ:ESRX) by 2.35M shares to 9.66M shares, valued at $745.85M in 2018Q2, according to the filing. Pentwater Capital Management Lp has risen its stake in Altaba Inc and also increased its holding in Twenty First Centy Fox Inc (NASDAQ:FOX) by 7.91 million shares in the quarter, for a total of 11.51M shares.

More recent Turquoise Hill Resources Ltd. (NYSE:TRQ) news were brought out 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 brought out on November 02, 2018. The next is “Turquoise Hill -2.5% on Oyu Tolgoi underground production delay” on October 16, 2018. And last was brought out on November 06, 2018, called “Turquoise Hill: More Questions Than Answers”.

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