Marshall Wace LLP Buys 57,976 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Marshall Wace LLP boosted its stake in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO - Free Report) by 465.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,438 shares of the company's stock after purchasing an additional 57,976 shares during the quarter. Marshall Wace LLP owned 0.58% of Contango Ore worth $706,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Contango Ore in the third quarter valued at $40,000. JPMorgan Chase & Co. raised its stake in shares of Contango Ore by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company's stock valued at $90,000 after buying an additional 1,129 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Contango Ore by 36.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,715 shares of the company's stock worth $57,000 after acquiring an additional 1,522 shares during the period. Quantbot Technologies LP boosted its position in shares of Contango Ore by 173.3% during the 4th quarter. Quantbot Technologies LP now owns 8,022 shares of the company's stock valued at $80,000 after acquiring an additional 5,087 shares in the last quarter. Finally, Barclays PLC increased its stake in Contango Ore by 372.7% in the third quarter. Barclays PLC now owns 13,987 shares of the company's stock valued at $270,000 after acquiring an additional 11,028 shares during the period. 19.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Fundamental Research set a $29.67 price target on shares of Contango Ore and gave the company a "buy" rating in a report on Wednesday, February 19th.

Contango Ore Trading Down 2.1 %

Shares of NYSEAMERICAN:CTGO traded down $0.30 during trading on Wednesday, hitting $13.98. 57,375 shares of the company's stock were exchanged, compared to its average volume of 99,533. The firm has a 50-day moving average price of $11.24 and a two-hundred day moving average price of $14.10. Contango Ore, Inc. has a 1-year low of $8.85 and a 1-year high of $25.32. The firm has a market cap of $170.98 million, a P/E ratio of -1.79 and a beta of 0.55.

Insiders Place Their Bets

In other Contango Ore news, CEO Nieuwenhuyse Rick Van bought 10,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $9.98 per share, with a total value of $99,800.00. Following the completion of the purchase, the chief executive officer now owns 545,869 shares in the company, valued at approximately $5,447,772.62. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have purchased 22,500 shares of company stock worth $253,650. Insiders own 17.80% of the company's stock.

Contango Ore Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.