Ninety One UK Ltd Sells 339,711 Shares of Platinum Group Metals Ltd. (NYSE:PLG)

Ninety One UK Ltd decreased its holdings in Platinum Group Metals Ltd. (NYSE:PLG) by 77.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,258 shares of the company’s stock after selling 339,711 shares during the period. Ninety One UK Ltd owned about 0.10% of Platinum Group Metals worth $126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PLG. The Manufacturers Life Insurance Company bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $1,263,000. XTX Topco Ltd bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $30,000. MCIA Inc bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $41,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Platinum Group Metals in the 3rd quarter worth $36,000. Institutional investors own 16.33% of the company’s stock.

Platinum Group Metals Trading Up 0.8 %

Platinum Group Metals stock opened at $1.32 on Thursday. The firm has a market cap of $135.60 million, a price-to-earnings ratio of -22.00 and a beta of 1.78. The stock has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.47. Platinum Group Metals Ltd. has a 12 month low of $0.96 and a 12 month high of $2.27.

About Platinum Group Metals

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.