Trek Financial LLC lifted its holdings in Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 32.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,113 shares of the company's stock after buying an additional 312,333 shares during the period. Trek Financial LLC owned approximately 1.22% of Platinum Group Metals worth $1,579,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PLG. Vivaldi Capital Management LP purchased a new position in shares of Platinum Group Metals in the 4th quarter worth approximately $30,000. XTX Topco Ltd lifted its stake in Platinum Group Metals by 57.5% in the fourth quarter. XTX Topco Ltd now owns 33,588 shares of the company's stock valued at $43,000 after purchasing an additional 12,265 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in Platinum Group Metals in the fourth quarter valued at approximately $63,000. Mountain Capital Investment Advisors Inc. lifted its stake in Platinum Group Metals by 90.6% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company's stock valued at $68,000 after purchasing an additional 24,250 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Platinum Group Metals in the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 16.33% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Platinum Group Metals to a "sell" rating in a research note on Monday, April 14th.
Check Out Our Latest Stock Report on Platinum Group Metals
Platinum Group Metals Stock Up 9.2%
Platinum Group Metals stock traded up $0.14 during trading on Thursday, hitting $1.66. The stock had a trading volume of 2,586,313 shares, compared to its average volume of 673,874. The stock has a market cap of $184.86 million, a price-to-earnings ratio of -27.67 and a beta of 1.71. The stock's 50 day moving average is $1.44 and its two-hundred day moving average is $1.32. Platinum Group Metals Ltd. has a 1 year low of $0.99 and a 1 year high of $2.27.
About Platinum Group Metals
(
Free Report)
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.
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