Virtu Financial LLC lowered its stake in shares of Platinum Group Metals Ltd. (NYSE:PLG – Free Report) by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,746 shares of the company’s stock after selling 54,305 shares during the period. Virtu Financial LLC’s holdings in Platinum Group Metals were worth $33,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Platinum Group Metals during the third quarter worth $30,000. J.W. Cole Advisors Inc. acquired a new position in shares of Platinum Group Metals during the 4th quarter worth about $30,000. Sanctuary Advisors LLC bought a new stake in shares of Platinum Group Metals in the 3rd quarter valued at about $36,000. MCIA Inc acquired a new stake in Platinum Group Metals in the 3rd quarter valued at about $41,000. Finally, The Manufacturers Life Insurance Company bought a new position in Platinum Group Metals during the third quarter worth about $1,263,000. Institutional investors and hedge funds own 16.33% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded Platinum Group Metals to a “sell” rating in a research note on Tuesday, March 25th.
Platinum Group Metals Price Performance
Shares of Platinum Group Metals stock opened at $1.21 on Wednesday. The business has a fifty day simple moving average of $1.28 and a two-hundred day simple moving average of $1.44. Platinum Group Metals Ltd. has a 1 year low of $1.06 and a 1 year high of $2.27. The company has a market capitalization of $125.33 million, a price-to-earnings ratio of -20.17 and a beta of 1.80.
Platinum Group Metals Profile
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.
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