Barclays PLC Increases Position in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Barclays PLC grew its position in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) by 372.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,987 shares of the company’s stock after purchasing an additional 11,028 shares during the period. Barclays PLC owned approximately 0.11% of Contango Ore worth $270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CTGO. Geode Capital Management LLC grew its holdings in shares of Contango Ore by 58.7% in the third quarter. Geode Capital Management LLC now owns 219,696 shares of the company’s stock valued at $4,233,000 after purchasing an additional 81,227 shares in the last quarter. State Street Corp increased its position in shares of Contango Ore by 11.3% during the third quarter. State Street Corp now owns 156,606 shares of the company’s stock worth $3,016,000 after acquiring an additional 15,859 shares during the period. Jane Street Group LLC acquired a new stake in shares of Contango Ore in the third quarter valued at $273,000. Marshall Wace LLP acquired a new position in Contango Ore during the 2nd quarter worth $185,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Contango Ore by 27.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock worth $508,000 after purchasing an additional 5,630 shares during the period. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John B. Juneau purchased 8,300 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $11.83 per share, for a total transaction of $98,189.00. Following the acquisition, the director now directly owns 319,411 shares in the company, valued at approximately $3,778,632.13. The trade was a 2.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Roth Mkm boosted their target price on shares of Contango Ore from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 11th.

Contango Ore Stock Performance

Shares of CTGO opened at $11.46 on Tuesday. The firm has a market capitalization of $140.16 million, a price-to-earnings ratio of -1.47 and a beta of 0.54. Contango Ore, Inc. has a 1 year low of $9.65 and a 1 year high of $25.32.

About Contango Ore

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.