AQR Capital Management LLC Sells 3,164,274 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

AQR Capital Management LLC reduced its position in Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 69.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,412,657 shares of the company's stock after selling 3,164,274 shares during the quarter. AQR Capital Management LLC owned about 0.20% of Sibanye Stillwater worth $6,145,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Scarborough Advisors LLC bought a new position in Sibanye Stillwater in the 4th quarter worth about $28,000. GAMMA Investing LLC increased its stake in Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock valued at $42,000 after acquiring an additional 3,401 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in Sibanye Stillwater during the first quarter valued at about $50,000. Fermata Advisors LLC bought a new stake in Sibanye Stillwater during the first quarter worth about $52,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Sibanye Stillwater in the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Price Performance

Shares of NYSE SBSW traded up $0.16 during midday trading on Friday, reaching $4.67. The company had a trading volume of 4,787,658 shares, compared to its average volume of 7,181,983. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $6.21. The firm's fifty day moving average price is $4.13 and its 200-day moving average price is $4.59. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SBSW. BMO Capital Markets decreased their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.17.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.