Knoll Capital Management LLC Sells 105,000 Shares of MAG Silver Corp. (NYSEAMERICAN:MAG)

Knoll Capital Management LLC trimmed its position in shares of MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 38.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,000 shares of the company's stock after selling 105,000 shares during the quarter. MAG Silver makes up about 1.2% of Knoll Capital Management LLC's investment portfolio, making the stock its 17th biggest position. Knoll Capital Management LLC owned 0.16% of MAG Silver worth $2,387,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAG. Janus Henderson Group PLC acquired a new position in MAG Silver during the 1st quarter worth $3,925,000. Mackenzie Financial Corp grew its holdings in MAG Silver by 310.5% during the 2nd quarter. Mackenzie Financial Corp now owns 190,385 shares of the company's stock worth $2,224,000 after acquiring an additional 144,007 shares during the period. Van ECK Associates Corp raised its position in shares of MAG Silver by 4.8% during the 3rd quarter. Van ECK Associates Corp now owns 10,231,410 shares of the company's stock valued at $143,649,000 after acquiring an additional 467,817 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of MAG Silver by 38.1% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 369,290 shares of the company's stock valued at $5,196,000 after purchasing an additional 101,870 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of MAG Silver by 304.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,569 shares of the company's stock worth $299,000 after purchasing an additional 19,253 shares during the last quarter. Institutional investors and hedge funds own 52.50% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Roth Mkm downgraded shares of MAG Silver from a "buy" rating to a "neutral" rating and increased their price target for the company from $17.00 to $17.50 in a research report on Thursday, October 24th. Roth Capital lowered shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. HC Wainwright lifted their price objective on MAG Silver from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Scotiabank boosted their price objective on MAG Silver from $14.50 to $15.50 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Finally, StockNews.com upgraded shares of MAG Silver from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $18.38.

MAG Silver Stock Up 0.1 %

Shares of MAG traded up $0.02 during mid-day trading on Friday, reaching $15.37. The company's stock had a trading volume of 241,979 shares, compared to its average volume of 721,622. MAG Silver Corp. has a 1-year low of $8.19 and a 1-year high of $18.27. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 21.65 and a beta of 1.12.

MAG Silver (NYSEAMERICAN:MAG - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. As a group, analysts expect that MAG Silver Corp. will post 0.73 earnings per share for the current year.

MAG Silver Company Profile

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.