Marshall Wace LLP boosted its position in Platinum Group Metals Ltd. (NYSE:PLG - Free Report) by 318.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 438,352 shares of the company's stock after acquiring an additional 333,595 shares during the period. Marshall Wace LLP owned 0.43% of Platinum Group Metals worth $561,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PLG. J.W. Cole Advisors Inc. purchased a new stake in shares of Platinum Group Metals during the 4th quarter valued at approximately $30,000. Trek Financial LLC bought a new stake in shares of Platinum Group Metals during the 4th quarter valued at $1,230,000. 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 during the period. Finally, XTX Topco Ltd grew its holdings 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 buying an additional 12,265 shares in the last quarter. 16.33% of the stock is owned by hedge funds and other institutional investors.
Platinum Group Metals Stock Performance
Platinum Group Metals stock traded down $0.01 during midday trading on Monday, hitting $1.18. 181,966 shares of the company's stock were exchanged, compared to its average volume of 524,335. The stock has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.39. Platinum Group Metals Ltd. has a 52-week low of $0.99 and a 52-week high of $2.27. The company has a market cap of $124.15 million, a P/E ratio of -19.67 and a beta of 1.64.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Platinum Group Metals to a "sell" rating in a report on Monday, April 14th.
Check Out Our Latest Research Report on Platinum Group Metals
Platinum Group Metals Profile
(
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.
Recommended Stories
Before you consider Platinum Group Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Platinum Group Metals wasn't on the list.
While Platinum Group Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
