X Square Capital LLC Sells 83,000 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

X Square Capital LLC decreased its position in Sibanye Stillwater Limited (NYSE:SBSW) by 34.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 156,970 shares of the company’s stock after selling 83,000 shares during the quarter. X Square Capital LLC’s holdings in Sibanye Stillwater were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blankinship & Foster LLC purchased a new position in Sibanye Stillwater during the 3rd quarter valued at about $41,000. Rhumbline Advisers grew its position in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after buying an additional 3,120 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $43,000. Sprott Inc. purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $52,000. Finally, FNY Investment Advisers LLC raised its holdings in shares of Sibanye Stillwater by 1,572.2% during the fourth quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock valued at $66,000 after acquiring an additional 18,804 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Stock Up 0.1 %

SBSW opened at $4.36 on Friday. The company has a market capitalization of $3.08 billion, a PE ratio of 8.38 and a beta of 1.59. The firm has a 50-day simple moving average of $3.82 and a two-hundred day simple moving average of $3.99. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater Limited has a 52 week low of $3.05 and a 52 week high of $5.93.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.05.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.