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Letko, Brosseau & Associates’s holding in Hudbay Minerals Inc. decreased to about 24 million shares with the transaction.
Letko, Brosseau & Associates first bought Hudbay Minerals Inc. stock in the fourth quarter of 2010. Letko, Brosseau & Associates also owns Pretium Resources Inc (NYSE:PVG). Hudbay Minerals Inc. is its number one position by number of shares and market value among gold & silver stocks.
Other investors who also reduced their Hudbay Minerals Inc. shares include Donald Smith & Co. and Millennium Management. Contrary to Letko, Brosseau & Associates, Citigroup (NYSE:C) added to HBM shares.
Letko, Brosseau & Associates also reduced their share in Celestica, Inc. (NYSE:CLS). The total value of the shares sold is estimated at around $24 million.
