Sprott Inc. (NYSE:SII) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of Sprott Inc. (NYSE:SII) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,233 shares of the company’s stock after selling 461 shares during the quarter. CIBC Asset Management Inc’s holdings in Sprott were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC grew its stake in shares of Sprott by 3.3% during the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company’s stock worth $310,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Sprott in the third quarter valued at $32,000. Quantbot Technologies LP acquired a new position in Sprott in the third quarter valued at $78,000. Northwest & Ethical Investments L.P. acquired a new position in Sprott in the third quarter valued at $82,000. Finally, PDT Partners LLC boosted its stake in Sprott by 10.2% in the third quarter. PDT Partners LLC now owns 24,241 shares of the company’s stock valued at $1,050,000 after acquiring an additional 2,238 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

NYSE SII opened at $43.26 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott Inc. has a 1 year low of $34.51 and a 1 year high of $48.00. The company has a market capitalization of $1.12 billion, a PE ratio of 23.77 and a beta of 1.08. The company has a fifty day moving average of $42.67 and a two-hundred day moving average of $42.94.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a “buy” rating for the company.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.