Herr Investment Group LLC Lowers Holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM)

Herr Investment Group LLC lowered its stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) (TSE:ITH) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,777,727 shares of the mining company’s stock after selling 274,519 shares during the quarter. Herr Investment Group LLC owned about 0.89% of International Tower Hill Mines worth $879,000 as of its most recent SEC filing.

Separately, Russell Investments Group Ltd. grew its holdings in International Tower Hill Mines by 1.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock valued at $1,984,000 after buying an additional 28,358 shares in the last quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

International Tower Hill Mines Price Performance

Shares of NYSEAMERICAN:THM opened at $0.54 on Friday. The firm has a market capitalization of $108.29 million, a price-to-earnings ratio of -27.12 and a beta of 1.19. International Tower Hill Mines Ltd. has a 52 week low of $0.31 and a 52 week high of $0.80.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last released its quarterly earnings results on Friday, August 9th. The mining company reported ($0.01) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on International Tower Hill Mines in a research report on Sunday, September 15th. They set a “sell” rating for the company.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.