Jane Street Group LLC Cuts Position in Metals Acquisition Limited (NYSE:MTAL)

Jane Street Group LLC reduced its stake in shares of Metals Acquisition Limited (NYSE:MTAL) by 66.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,587 shares of the company’s stock after selling 64,264 shares during the quarter. Jane Street Group LLC’s holdings in Metals Acquisition were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in Metals Acquisition by 799.1% during the third quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock worth $12,598,000 after acquiring an additional 808,418 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Metals Acquisition by 54.3% during the 2nd quarter. Millennium Management LLC now owns 1,919,918 shares of the company’s stock worth $26,284,000 after purchasing an additional 675,340 shares during the period. Bank of Montreal Can acquired a new stake in shares of Metals Acquisition during the third quarter worth $6,049,000. Bank of New York Mellon Corp acquired a new stake in Metals Acquisition in the 2nd quarter worth about $2,141,000. Finally, State Street Corp grew its holdings in Metals Acquisition by 28.7% in the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock valued at $9,680,000 after buying an additional 156,022 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut their price target on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research note on Monday.

Metals Acquisition Stock Performance

Metals Acquisition stock opened at $10.50 on Tuesday. The firm has a fifty day moving average of $12.00 and a 200-day moving average of $12.32. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition Limited has a 52-week low of $9.89 and a 52-week high of $15.26.

Metals Acquisition Profile

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.