Jane Street Group LLC Sells 625,193 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG)

Jane Street Group LLC reduced its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 77.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,194 shares of the mining company's stock after selling 625,193 shares during the quarter. Jane Street Group LLC owned 0.05% of NovaGold Resources worth $607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Robertson Stephens Wealth Management LLC boosted its holdings in shares of NovaGold Resources by 2.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 270,546 shares of the mining company's stock valued at $901,000 after acquiring an additional 5,546 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in NovaGold Resources by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company's stock worth $26,000 after buying an additional 6,959 shares during the period. MetLife Investment Management LLC lifted its holdings in NovaGold Resources by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 131,843 shares of the mining company's stock worth $439,000 after buying an additional 7,080 shares during the period. American Century Companies Inc. lifted its holdings in NovaGold Resources by 2.0% during the 4th quarter. American Century Companies Inc. now owns 629,390 shares of the mining company's stock worth $2,105,000 after buying an additional 12,246 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in NovaGold Resources by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 94,418 shares of the mining company's stock worth $315,000 after buying an additional 14,601 shares during the period. 57.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a report on Friday, March 21st.

NovaGold Resources Trading Up 2.3%

NovaGold Resources stock traded up $0.08 during midday trading on Friday, reaching $3.63. The stock had a trading volume of 4,288,366 shares, compared to its average volume of 2,236,263. NovaGold Resources Inc. has a 12 month low of $2.26 and a 12 month high of $5.06. The company has a market capitalization of $1.21 billion, a P/E ratio of -27.92 and a beta of 1.05. The company has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.44.

NovaGold Resources Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.