Metals Acquisition Limited (NYSE:MTAL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in shares of Metals Acquisition Limited (NYSE:MTAL) by 66.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,587 shares of the company’s stock after selling 64,264 shares during the period. Jane Street Group LLC’s holdings in Metals Acquisition were worth $451,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of Metals Acquisition in the 2nd quarter valued at approximately $2,141,000. State Street Corp grew its position in shares of Metals Acquisition by 28.7% during the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock valued at $9,680,000 after buying an additional 156,022 shares during the last quarter. Creative Planning acquired a new stake in Metals Acquisition during the third quarter worth about $190,000. Amalgamated Bank bought a new position in Metals Acquisition in the second quarter worth about $26,000. Finally, FMR LLC acquired a new position in Metals Acquisition in the third quarter valued at approximately $107,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Metals Acquisition Price Performance

Shares of NYSE MTAL opened at $10.50 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Metals Acquisition Limited has a 12-month low of $9.89 and a 12-month high of $15.26. The stock has a 50 day simple moving average of $12.00 and a 200-day simple moving average of $12.32.

Analysts Set New Price Targets

Separately, Scotiabank cut their price target on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a report on Monday.

Metals Acquisition Profile

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.