Central Square Management Lowers stake in Silver Wheaton Corp. (USA) (SLW)

Silver Wheaton Corp. (USA) (SLW) : Central Square Management reduced its stake in Silver Wheaton Corp. (USA) by 35.7% during the most recent quarter end. The investment management company now holds a total of 277,218 shares of Silver Wheaton Corp. (USA) which is valued at $5.3 Million after selling 153,930 shares in Silver Wheaton Corp. (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Silver Wheaton Corp. (USA) makes up approximately 10.01% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Kayne Anderson Rudnick Investment Management added SLW to its portfolio by purchasing 180,735 company shares during the most recent quarter which is valued at $3.5 Million. Silver Wheaton Corp. (USA) makes up approx 0.06% of Kayne Anderson Rudnick Investment Management’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in SLW during the most recent quarter. The investment firm sold 16,996 shares of SLW which is valued $326,493.Schroder Investment Management Group boosted its stake in SLW in the latest quarter, The investment management firm added 5,520 additional shares and now holds a total of 14,435 shares of Silver Wheaton Corp. (USA) which is valued at $277,296.Quantbot Technologies Lp boosted its stake in SLW in the latest quarter, The investment management firm added 89,938 additional shares and now holds a total of 105,439 shares of Silver Wheaton Corp. (USA) which is valued at $2.2 Million. Silver Wheaton Corp. (USA) makes up approx 0.35% of Quantbot Technologies Lp’s portfolio. Whittier Trust Co added SLW to its portfolio by purchasing 2,039 company shares during the most recent quarter which is valued at $42,717.

Silver Wheaton Corp. (USA) opened for trading at $18.25 and hit $18.84 on the upside on Wednesday, eventually ending the session at $18.78, with a gain of 2.34% or 0.43 points. The heightened volatility saw the trading volume jump to 59,65,145 shares. Company has a market cap of $8,263 M.

On the company’s financial health, Silver Wheaton Corp. (USA) reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.12. The company had revenue of $188.00 million for the quarter, compared to analysts expectations of $191.97 million. The company’s revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Silver Wheaton Corp. (USA). Silver Wheaton Corp. (USA) was Upgraded by Raymond James to ” Outperform” on Apr 20, 2016. Silver Wheaton Corp. (USA) was Downgraded by JP Morgan to ” Neutral” on Apr 18, 2016. Shares were Downgraded by Barclays on Apr 18, 2016 to ” Equal Weight” and Lowered the Price Target to $ 17 from a previous price target of $18 .

Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31 2014 Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements) relating to 27 different mining assets whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract generally at or below the prevailing market price. As of December 31 2014 gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu Lagunas Norte and Pierina in Peru; 777 Canada; Salobo Brazil; Sudbury and Minto in Canada; Veladero Argentina; Zinkgruvan Sweden and Neves-Corvo and Aljustrel in Portugal.

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