SG Americas Securities LLC Sells 102,381 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

SG Americas Securities LLC lessened its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW - Free Report) by 73.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,771 shares of the company's stock after selling 102,381 shares during the period. SG Americas Securities LLC's holdings in Sibanye Stillwater were worth $155,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bluefin Capital Management LLC lifted its position in shares of Sibanye Stillwater by 65.3% during the 2nd quarter. Bluefin Capital Management LLC now owns 49,600 shares of the company's stock worth $216,000 after purchasing an additional 19,600 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Sibanye Stillwater during the 2nd quarter worth about $905,000. Creative Planning lifted its position in shares of Sibanye Stillwater by 93.3% during the 2nd quarter. Creative Planning now owns 117,956 shares of the company's stock worth $513,000 after purchasing an additional 56,943 shares during the last quarter. Millennium Management LLC lifted its position in shares of Sibanye Stillwater by 65.1% during the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock worth $5,809,000 after purchasing an additional 526,724 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Sibanye Stillwater by 14.3% during the 2nd quarter. Squarepoint Ops LLC now owns 131,936 shares of the company's stock worth $574,000 after purchasing an additional 16,540 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on SBSW shares. JPMorgan Chase & Co. cut their price target on Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Investec cut Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Finally, BMO Capital Markets cut their price target on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.17.

Sibanye Stillwater Trading Down 0.7 %

Shares of SBSW stock traded down $0.04 during trading hours on Friday, hitting $4.93. The company had a trading volume of 13,309,967 shares, compared to its average volume of 6,093,424. Sibanye Stillwater Limited has a 12 month low of $3.08 and a 12 month high of $5.93. The firm's fifty day moving average is $4.18 and its 200 day moving average is $4.55. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Sibanye Stillwater 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.