KCG Holdings Inc. Lowers Position in Seabridge Gold, Inc. (SA)
KCG Holdings Inc. reduced its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 90.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,869 shares of the basic materials company’s stock after selling 99,043 shares during the period. KCG Holdings Inc.’s holdings in Seabridge Gold were worth $120,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. GWM Advisors LLC boosted its position in shares of Seabridge Gold by 8.5% in the first quarter. GWM Advisors LLC now owns 102,050 shares of the basic materials company’s stock valued at $1,163,000 after buying an additional 8,000 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Seabridge Gold during the first quarter valued at $606,000. Sequent Asset Management LLC acquired a new position in shares of Seabridge Gold during the first quarter valued at $112,000. Sprott Inc. boosted its position in shares of Seabridge Gold by 5.5% in the first quarter. Sprott Inc. now owns 386,489 shares of the basic materials company’s stock valued at $4,251,000 after buying an additional 20,000 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Seabridge Gold during the first quarter valued at $121,000. Institutional investors own 27.27% of the company’s stock.
Shares of Seabridge Gold, Inc. (SA) traded up 2.12% during trading on Thursday, reaching $11.08. 25,253 shares of the company traded hands. The firm’s 50 day moving average is $11.07 and its 200-day moving average is $10.77. Seabridge Gold, Inc. has a 12-month low of $7.35 and a 12-month high of $13.63. The stock’s market capitalization is $627.87 million.
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Several brokerages recently weighed in on SA. Zacks Investment Research cut shares of Seabridge Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. BidaskClub cut shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.
About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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