Trek Financial LLC Raises Stock Position in Platinum Group Metals Ltd. (NYSE:PLG)

Trek Financial LLC increased its stake in Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 32.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,273,113 shares of the company's stock after purchasing an additional 312,333 shares during the period. Trek Financial LLC owned 1.22% of Platinum Group Metals worth $1,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PLG. Mountain Capital Investment Advisors Inc. boosted its stake in Platinum Group Metals by 90.6% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company's stock worth $68,000 after purchasing an additional 24,250 shares in the last quarter. XTX Topco Ltd lifted its stake in Platinum Group Metals by 57.5% during the 4th quarter. XTX Topco Ltd now owns 33,588 shares of the company's stock valued at $43,000 after acquiring an additional 12,265 shares during the period. Marshall Wace LLP lifted its stake in Platinum Group Metals by 318.4% during the 4th quarter. Marshall Wace LLP now owns 438,352 shares of the company's stock valued at $561,000 after acquiring an additional 333,595 shares during the period. Jane Street Group LLC acquired a new stake in Platinum Group Metals during the 4th quarter valued at approximately $98,000. Finally, Brevan Howard Capital Management LP acquired a new stake in Platinum Group Metals during the 4th quarter valued at approximately $63,000. 16.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Platinum Group Metals to a "sell" rating in a research note on Monday, April 14th.

Platinum Group Metals Price Performance

NYSE PLG remained flat at $1.52 on Wednesday. 811,784 shares of the company's stock traded hands, compared to its average volume of 665,718. The firm has a market cap of $164.05 million, a price-to-earnings ratio of -25.33 and a beta of 1.71. The stock's fifty day moving average price is $1.43 and its 200-day moving average price is $1.32. Platinum Group Metals Ltd. has a twelve month low of $0.99 and a twelve month high of $2.27.

Platinum Group Metals Profile

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.