Marshall Wace LLP cut its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 91.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,519 shares of the company's stock after selling 2,686,357 shares during the period. Marshall Wace LLP's holdings in Sibanye Stillwater were worth $790,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SBSW. Peapack Gladstone Financial Corp acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at about $41,000. Rhumbline Advisers boosted its stake in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after buying an additional 3,120 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at $43,000. Sprott Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter worth $52,000. Finally, United Capital Financial Advisors LLC boosted its position in Sibanye Stillwater by 32.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company's stock valued at $65,000 after purchasing an additional 4,768 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.05.
View Our Latest Analysis on SBSW
Sibanye Stillwater Stock Up 2.4 %
Shares of NYSE SBSW traded up $0.12 during trading hours on Wednesday, hitting $5.07. The company had a trading volume of 9,387,911 shares, compared to its average volume of 7,184,765. The firm's 50 day moving average is $4.26 and its 200-day moving average is $4.04. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $5.91. The stock has a market capitalization of $3.59 billion, a P/E ratio of 9.74 and a beta of 0.59. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.
About Sibanye Stillwater
(
Free Report)
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.
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