Ninety One UK Ltd Reduces Stake in Platinum Group Metals Ltd. (NYSE:PLG)

Ninety One UK Ltd cut its stake in shares of Platinum Group Metals Ltd. (NYSE:PLG) by 77.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 98,258 shares of the company’s stock after selling 339,711 shares during the quarter. Ninety One UK Ltd’s holdings in Platinum Group Metals were worth $126,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of Platinum Group Metals in the third quarter valued at about $30,000. Sanctuary Advisors LLC bought a new stake in Platinum Group Metals during the third quarter worth approximately $36,000. MCIA Inc bought a new stake in Platinum Group Metals during the third quarter worth approximately $41,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Platinum Group Metals during the third quarter worth approximately $1,263,000. 16.33% of the stock is currently owned by hedge funds and other institutional investors.

Platinum Group Metals Price Performance

Shares of NYSE PLG opened at $1.32 on Thursday. The business’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.47. Platinum Group Metals Ltd. has a 1-year low of $0.96 and a 1-year high of $2.27. The stock has a market capitalization of $135.60 million, a P/E ratio of -22.00 and a beta of 1.78.

Platinum Group Metals Company Profile

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.