Bleakley Financial Group LLC Sells 148,234 Shares of Seabridge Gold Inc. (NYSE:SA)

Bleakley Financial Group LLC lessened its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 90.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 15,852 shares of the basic materials company’s stock after selling 148,234 shares during the period. Bleakley Financial Group LLC’s holdings in Seabridge Gold were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in shares of Seabridge Gold by 735.6% in the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock valued at $32,000 after buying an additional 1,655 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Seabridge Gold during the first quarter valued at approximately $30,000. Mather Group LLC. purchased a new position in shares of Seabridge Gold during the second quarter valued at approximately $40,000. Perkins Coie Trust Co purchased a new stake in shares of Seabridge Gold in the second quarter valued at about $93,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Seabridge Gold by 33.4% in the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 1,871 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

Seabridge Gold Price Performance

Shares of NYSE SA opened at $19.21 on Thursday. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $20.55. The stock’s 50 day moving average price is $17.43 and its 200-day moving average price is $15.91. The company has a market capitalization of $1.73 billion, a PE ratio of -274.43 and a beta of 1.14. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.34.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.