Cerity Partners LLC Cuts Stock Holdings in Sibanye Stillwater Limited (NYSE:SBSW)

Cerity Partners LLC reduced its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,725 shares of the company’s stock after selling 2,705 shares during the period. Cerity Partners LLC’s holdings in Sibanye Stillwater were worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Sibanye Stillwater by 46.6% during the fourth quarter. International Assets Investment Management LLC now owns 43,500 shares of the company’s stock worth $236,000 after acquiring an additional 13,834 shares during the period. U S Global Investors Inc. raised its stake in shares of Sibanye Stillwater by 26.6% during the 4th quarter. U S Global Investors Inc. now owns 712,141 shares of the company’s stock worth $3,867,000 after purchasing an additional 149,587 shares during the period. SFG Wealth Management LLC. purchased a new position in shares of Sibanye Stillwater in the 4th quarter worth about $92,000. Caprock Group LLC grew its position in Sibanye Stillwater by 144.7% during the fourth quarter. Caprock Group LLC now owns 29,684 shares of the company’s stock valued at $161,000 after buying an additional 17,553 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Sibanye Stillwater during the fourth quarter worth about $69,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Sibanye Stillwater presently has an average rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater Trading Down 8.3 %

SBSW opened at $4.65 on Wednesday. The firm has a 50-day moving average price of $4.73 and a 200-day moving average price of $4.88. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. Sibanye Stillwater Limited has a twelve month low of $3.85 and a twelve month high of $9.88.

Sibanye Stillwater 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.