Quantbot Technologies LP Acquires Shares of 2,935 Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Quantbot Technologies LP acquired a new stake in Contango Ore, Inc. (NYSEAMERICAN:CTGO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,935 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Contango Ore by 27.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock worth $508,000 after buying an additional 5,630 shares during the last quarter. Marshall Wace LLP acquired a new stake in Contango Ore during the 2nd quarter worth approximately $185,000. Fore Capital LLC purchased a new position in shares of Contango Ore in the 2nd quarter valued at approximately $201,000. Rhumbline Advisers increased its holdings in shares of Contango Ore by 55.1% in the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock valued at $173,000 after purchasing an additional 3,397 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Contango Ore by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock worth $409,000 after purchasing an additional 966 shares during the last quarter. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

Contango Ore Stock Performance

Shares of CTGO opened at $11.45 on Friday. Contango Ore, Inc. has a twelve month low of $11.35 and a twelve month high of $25.32. The company has a market capitalization of $140.03 million, a price-to-earnings ratio of -1.46 and a beta of 0.48.

Insider Activity at Contango Ore

In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.14, for a total value of $157,704.40. Following the completion of the transaction, the director now directly owns 148,498 shares of the company’s stock, valued at approximately $3,139,247.72. This trade represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm lifted their price objective on shares of Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, October 11th.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.