Massachusetts Financial Services Co. MA Cuts Stock Holdings in Gold Fields Limited (NYSE:GFI)

Massachusetts Financial Services Co. MA reduced its position in shares of Gold Fields Limited (NYSE:GFI) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,575,289 shares of the company’s stock after selling 64,348 shares during the period. Massachusetts Financial Services Co. MA owned 0.62% of Gold Fields worth $83,072,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ballentine Partners LLC increased its stake in Gold Fields by 6.9% during the 1st quarter. Ballentine Partners LLC now owns 14,017 shares of the company’s stock worth $223,000 after buying an additional 901 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Gold Fields by 10.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 11,538 shares of the company’s stock valued at $172,000 after purchasing an additional 1,090 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Gold Fields by 10.3% in the fourth quarter. QRG Capital Management Inc. now owns 11,802 shares of the company’s stock valued at $171,000 after purchasing an additional 1,101 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Gold Fields by 78.4% in the first quarter. GAMMA Investing LLC now owns 3,098 shares of the company’s stock valued at $49,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Gold Fields by 51.7% in the fourth quarter. Parallel Advisors LLC now owns 4,878 shares of the company’s stock valued at $71,000 after purchasing an additional 1,662 shares in the last quarter. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Price Performance

GFI opened at $14.35 on Thursday. Gold Fields Limited has a one year low of $10.31 and a one year high of $18.97. The business’s 50 day moving average price is $15.43 and its 200 day moving average price is $15.74. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33.

Gold Fields Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be issued a $0.1692 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 13th.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Gold Fields from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price target on Gold Fields from $17.50 to $16.70 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Scotiabank dropped their price target on Gold Fields from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday, August 26th. Bank of America assumed coverage on Gold Fields in a research report on Monday. They issued a “buy” rating and a $16.00 price target for the company. Finally, BMO Capital Markets upgraded Gold Fields from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $13.50 to $14.00 in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Gold Fields currently has a consensus rating of “Hold” and an average target price of $15.93.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.