MAG Silver Corp. (NYSEAMERICAN:MAG) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 498.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,089 shares of the company's stock after purchasing an additional 18,396 shares during the period. Quantbot Technologies LP's holdings in MAG Silver were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MAG. Swiss National Bank grew its stake in MAG Silver by 0.6% in the fourth quarter. Swiss National Bank now owns 193,900 shares of the company's stock worth $2,633,000 after purchasing an additional 1,200 shares in the last quarter. Barclays PLC lifted its holdings in MAG Silver by 211.5% during the 3rd quarter. Barclays PLC now owns 30,780 shares of the company's stock worth $432,000 after buying an additional 20,899 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of MAG Silver by 21.3% in the 4th quarter. Intact Investment Management Inc. now owns 307,433 shares of the company's stock worth $4,176,000 after acquiring an additional 54,033 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of MAG Silver in the 4th quarter valued at approximately $3,482,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of MAG Silver during the 4th quarter valued at approximately $240,000. Institutional investors and hedge funds own 52.50% of the company's stock.

MAG Silver Stock Performance

NYSEAMERICAN MAG traded up $0.11 on Wednesday, hitting $15.47. The stock had a trading volume of 587,204 shares, compared to its average volume of 629,900. The firm's 50-day simple moving average is $15.77. MAG Silver Corp. has a one year low of $11.29 and a one year high of $18.27. The stock has a market cap of $1.60 billion, a PE ratio of 21.79 and a beta of 1.09.

MAG Silver Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 4th will be given a $0.18 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, April 4th. MAG Silver's dividend payout ratio is currently 101.41%.

Analyst Upgrades and Downgrades

MAG has been the subject of a number of research reports. Roth Mkm decreased their price objective on shares of MAG Silver from $16.50 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. HC Wainwright lifted their price target on shares of MAG Silver from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, March 25th. TD Securities upgraded shares of MAG Silver to a "strong-buy" rating in a research note on Monday, March 10th. StockNews.com upgraded MAG Silver from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Roth Capital set a $16.00 price target on MAG Silver in a research report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

About MAG Silver

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.