Walleye Capital LLC Sells 517,290 Shares of Platinum Group Metals Ltd. $PLG

Walleye Capital LLC cut its holdings in Platinum Group Metals Ltd. (NYSE:PLG) by 80.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,673 shares of the company’s stock after selling 517,290 shares during the quarter. Walleye Capital LLC owned approximately 0.10% of Platinum Group Metals worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers lifted its position in Platinum Group Metals by 75.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,825 shares of the company’s stock worth $35,000 after buying an additional 9,834 shares in the last quarter. XTX Topco Ltd acquired a new stake in Platinum Group Metals in the 2nd quarter valued at about $70,000. Marshall Wace LLP bought a new position in shares of Platinum Group Metals in the second quarter worth about $328,000. Jane Street Group LLC raised its stake in shares of Platinum Group Metals by 182.0% in the second quarter. Jane Street Group LLC now owns 105,718 shares of the company’s stock worth $162,000 after acquiring an additional 68,223 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Platinum Group Metals by 81.9% during the third quarter. UBS Group AG now owns 738,577 shares of the company’s stock worth $1,957,000 after purchasing an additional 332,595 shares in the last quarter. 16.33% of the stock is owned by institutional investors.

Platinum Group Metals Price Performance

Shares of NYSE PLG opened at $1.28 on Friday. The company’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.95. Platinum Group Metals Ltd. has a fifty-two week low of $1.18 and a fifty-two week high of $4.04. The firm has a market capitalization of $163.69 million, a P/E ratio of -21.33 and a beta of 1.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Platinum Group Metals to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

About Platinum Group Metals

Platinum Group Metals Ltd is a mineral exploration and development company focused on the discovery and advancement of platinum group metal (PGM) deposits. The company’s flagship asset is the Waterberg Joint Venture Project located in South Africa’s Bushveld Complex, one of the world’s premier PGM-producing regions. In addition to its Waterberg interests, Platinum Group Metals holds the Marathon PGM project near Thunder Bay, Ontario, which is being advanced towards feasibility on the strength of its high-grade PGM and gold mineralization.

Since its inception, the company has pursued a strategy of combining regional geological expertise with strategic partnerships to de-risk project development and enhance shareholder value.