Marshall Wace LLP boosted its stake in shares of Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 318.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 438,352 shares of the company's stock after purchasing an additional 333,595 shares during the quarter. Marshall Wace LLP owned about 0.43% of Platinum Group Metals worth $561,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd boosted its holdings in shares of Platinum Group Metals by 57.5% during the 4th quarter. XTX Topco Ltd now owns 33,588 shares of the company's stock worth $43,000 after buying an additional 12,265 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Platinum Group Metals during the fourth quarter worth approximately $30,000. Mountain Capital Investment Advisors Inc. boosted its holdings in shares of Platinum Group Metals by 90.6% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 51,007 shares of the company's stock worth $68,000 after acquiring an additional 24,250 shares during the period. Finally, Trek Financial LLC acquired a new position in shares of Platinum Group Metals in the fourth quarter valued at approximately $1,230,000. 16.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Platinum Group Metals to a "sell" rating in a research note on Monday, April 14th.
Check Out Our Latest Report on PLG
Platinum Group Metals Stock Performance
Shares of PLG stock traded down $0.01 on Thursday, hitting $1.22. The company's stock had a trading volume of 99,827 shares, compared to its average volume of 527,140. Platinum Group Metals Ltd. has a fifty-two week low of $0.99 and a fifty-two week high of $2.27. The company has a market capitalization of $128.87 million, a PE ratio of -20.42 and a beta of 1.64. The stock's 50 day moving average is $1.21 and its 200-day moving average is $1.38.
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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