Stratos Wealth Advisors LLC Reduces Holdings in Pan American Silver Corp. (NYSE:PAAS)

Stratos Wealth Advisors LLC trimmed its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,331 shares of the basic materials company's stock after selling 24,937 shares during the period. Stratos Wealth Advisors LLC's holdings in Pan American Silver were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. Eastern Bank acquired a new position in Pan American Silver in the 3rd quarter worth about $28,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver during the 3rd quarter worth $32,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver in the fourth quarter valued at about $32,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Pan American Silver by 102.5% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Down 0.9 %

PAAS stock traded down $0.24 during midday trading on Friday, hitting $24.57. The company's stock had a trading volume of 2,653,289 shares, compared to its average volume of 2,849,540. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. The firm has a 50-day simple moving average of $21.93 and a 200-day simple moving average of $21.72.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.42.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.