Mason Street Advisors LLC Takes Position in Stillwater Mining Co. (SWC)
Mason Street Advisors LLC purchased a new position in shares of Stillwater Mining Co. (NYSE:SWC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,669 shares of the mining company’s stock, valued at approximately $281,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Stillwater Mining by 310.9% in the second quarter. Tower Research Capital LLC TRC now owns 13,538 shares of the mining company’s stock worth $160,000 after buying an additional 10,243 shares during the period. Coronation Fund Managers Ltd. purchased a new position in shares of Stillwater Mining during the second quarter valued at about $171,000. PineBridge Investments L.P. boosted its position in shares of Stillwater Mining by 3.8% in the second quarter. PineBridge Investments L.P. now owns 15,354 shares of the mining company’s stock valued at $182,000 after buying an additional 564 shares during the period. First Allied Advisory Services Inc. purchased a new position in shares of Stillwater Mining during the second quarter valued at about $186,000. Finally, HRT Financial LLC purchased a new position in shares of Stillwater Mining during the second quarter valued at about $195,000. 93.17% of the stock is owned by institutional investors.
Shares of Stillwater Mining Co. (NYSE:SWC) opened at 11.80 on Friday. The company’s market capitalization is $1.43 billion. Stillwater Mining Co. has a 12 month low of $4.99 and a 12 month high of $15.91. The company’s 50-day moving average is $12.75 and its 200 day moving average is $11.98.
Stillwater Mining (NYSE:SWC) last released its quarterly earnings results on Friday, July 29th. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Stillwater Mining had a negative net margin of 2.59% and a negative return on equity of 1.83%. The business had revenue of $165.68 million for the quarter, compared to analysts’ expectations of $157.35 million. During the same period last year, the business earned ($0.23) EPS. The company’s revenue was down 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Stillwater Mining Co. will post $0.02 earnings per share for the current year.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Stillwater Mining from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, September 8th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $16.00 target price (up from $11.00) on shares of Stillwater Mining in a report on Monday, August 1st. FBR & Co lifted their target price on shares of Stillwater Mining from $13.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Royal Bank Of Canada lifted their target price on shares of Stillwater Mining from $11.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 1st. Finally, BMO Capital Markets set a $17.00 target price on shares of Stillwater Mining and gave the stock a “buy” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.73.
About Stillwater Mining
Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals, such as platinum group metals (PGM) produced by mining a geological formation in south-central Montana, the J-M Reef and recycling spent catalytic converters and other industrial sources.
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