Jump Financial LLC Cuts Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Jump Financial LLC lowered its stake in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,400 shares of the company's stock after selling 119,431 shares during the period. Jump Financial LLC owned 0.11% of Sibanye Stillwater worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lingotto Investment Management LLP boosted its stake in shares of Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after purchasing an additional 286,195 shares during the period. Invesco Ltd. raised its holdings in shares of Sibanye Stillwater by 0.6% in the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock worth $15,122,000 after buying an additional 26,400 shares during the last quarter. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at $9,446,000. Raymond James Financial Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at $5,814,000. Finally, American Century Companies Inc. grew its holdings in shares of Sibanye Stillwater by 5.5% during the fourth quarter. American Century Companies Inc. now owns 1,410,961 shares of the company's stock valued at $4,656,000 after buying an additional 73,368 shares during the last quarter. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Price Performance

Shares of SBSW traded down $0.13 during mid-day trading on Thursday, hitting $4.74. 4,615,294 shares of the company were exchanged, compared to its average volume of 7,117,911. The company has a 50 day moving average of $4.03 and a 200-day moving average of $4.01. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 9.11 and a beta of 1.08. Sibanye Stillwater Limited has a 1-year low of $3.05 and a 1-year high of $5.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $4.70 to $5.30 in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Company Profile

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.