AQR Capital Management LLC Has $15.13 Million Holdings in Harmony Gold Mining Company Limited $HMY

Key Points

• AQR Capital Management LLC reduced its stake in Harmony Gold Mining by 51.9%, owning approximately 1,024,589 shares worth $15.13 million after selling over 1.1 million shares in the first quarter.
• Several hedge funds have made significant changes to their positions in Harmony Gold Mining, with notable increases in holdings from Parallel Advisors LLC and Brooklyn Investment Group.
• A recent downgrade by Zacks Research changed Harmony Gold Mining's rating from "strong-buy" to "hold," while the stock currently has a consensus price target of $12.20.

AQR Capital Management LLC lowered its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,024,589 shares of the mining company's stock after selling 1,104,081 shares during the quarter. AQR Capital Management LLC owned 0.16% of Harmony Gold Mining worth $15,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management acquired a new stake in Harmony Gold Mining in the 1st quarter valued at about $33,000. Parallel Advisors LLC lifted its holdings in shares of Harmony Gold Mining by 71.4% during the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after acquiring an additional 1,961 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Harmony Gold Mining by 165,766.7% during the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after acquiring an additional 4,973 shares during the period. Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the first quarter valued at approximately $110,000. Finally, GAMMA Investing LLC raised its holdings in Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after buying an additional 866 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on HMY. BMO Capital Markets began coverage on shares of Harmony Gold Mining in a research report on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price objective for the company. Zacks Research downgraded shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Harmony Gold Mining has a consensus rating of "Hold" and a consensus price target of $12.20.

Harmony Gold Mining Stock Up 0.2%

NYSE:HMY traded up $0.03 on Monday, hitting $15.04. 7,349,851 shares of the company's stock traded hands, compared to its average volume of 6,196,428. The company has a market cap of $9.55 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.12 and a beta of 0.80. The firm has a 50-day moving average price of $14.72 and a 200-day moving average price of $14.52. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $18.77. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.