Man Group plc Acquires 6,775,386 Shares of Harmony Gold Mining Co. (NYSE:HMY)

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Man Group plc lifted its holdings in Harmony Gold Mining Co. (NYSE:HMY) by 3,876.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,950,161 shares of the mining company’s stock after acquiring an additional 6,775,386 shares during the period. Man Group plc’s holdings in Harmony Gold Mining were worth $19,738,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $29,000. Cambridge Investment Research Advisors Inc. bought a new stake in Harmony Gold Mining in the second quarter worth about $34,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Harmony Gold Mining in the second quarter worth about $38,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Harmony Gold Mining in the third quarter worth about $53,000. Finally, Squarepoint Ops LLC bought a new stake in Harmony Gold Mining in the third quarter worth about $62,000. 32.89% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HMY opened at $3.12 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.75. The company has a market cap of $1.68 billion, a P/E ratio of 22.29 and a beta of -1.58. Harmony Gold Mining Co. has a 1 year low of $1.47 and a 1 year high of $3.86. The firm has a 50-day simple moving average of $3.21 and a two-hundred day simple moving average of $2.74.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Harmony Gold Mining from $4.20 to $4.10 and set an “overweight” rating for the company in a research note on Thursday, September 12th. ValuEngine downgraded shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research note on Monday, September 30th.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

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Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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