Quantbot Technologies LP Purchases 19,329 Shares of Seabridge Gold, Inc. $SA

Key Points

• Quantbot Technologies LP increased its stake in Seabridge Gold by 31.2%, owning 81,291 shares valued at approximately $949,000 at the end of the first quarter.
• Other institutional investors, including Raymond James Financial Inc. and Russell Investments Group Ltd., also raised their stakes in the company, indicating a growing interest among large investors.
• Analysts at Wall Street Zen downgraded Seabridge Gold from a "hold" to a "sell" rating, reflecting caution over the stock's future performance.

Quantbot Technologies LP boosted its stake in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 31.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,291 shares of the basic materials company's stock after acquiring an additional 19,329 shares during the quarter. Quantbot Technologies LP owned 0.08% of Seabridge Gold worth $949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SA. Nebula Research & Development LLC increased its stake in shares of Seabridge Gold by 6.9% during the 4th quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company's stock worth $156,000 after purchasing an additional 881 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Seabridge Gold by 1.4% during the 4th quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company's stock worth $954,000 after acquiring an additional 1,125 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Seabridge Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock worth $434,000 after acquiring an additional 1,171 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Seabridge Gold by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,450 shares of the basic materials company's stock valued at $861,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Seabridge Gold by 5.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,850 shares of the basic materials company's stock valued at $318,000 after purchasing an additional 1,500 shares during the last quarter. 34.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Seabridge Gold from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

Seabridge Gold Price Performance

NYSE:SA traded up $0.96 during mid-day trading on Friday, hitting $17.46. 1,447,059 shares of the stock traded hands, compared to its average volume of 784,966. The business's 50-day moving average price is $15.87 and its 200 day moving average price is $13.44. The company has a market cap of $1.78 billion, a PE ratio of -45.93 and a beta of 0.64. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $20.55. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings data on Wednesday, August 13th. The basic materials company reported $0.09 EPS for the quarter.

Seabridge Gold Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.