Man Group plc Purchases 350,187 Shares of AngloGold Ashanti Limited (NYSE:AU)

Man Group plc raised its position in AngloGold Ashanti Limited (NYSE:AU) by 86.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 754,271 shares of the mining company’s stock after buying an additional 350,187 shares during the period. Man Group plc owned 0.18% of AngloGold Ashanti worth $13,781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of AngloGold Ashanti by 351.6% in the second quarter. AQR Capital Management LLC now owns 4,096,410 shares of the mining company’s stock valued at $72,957,000 after buying an additional 3,189,262 shares in the last quarter. BlackRock Inc. grew its holdings in AngloGold Ashanti by 17.3% during the 2nd quarter. BlackRock Inc. now owns 17,378,854 shares of the mining company’s stock worth $309,518,000 after acquiring an additional 2,564,271 shares during the last quarter. Bamco Inc. NY bought a new stake in AngloGold Ashanti during the 2nd quarter worth about $32,246,000. Invesco Ltd. increased its position in AngloGold Ashanti by 2,871.8% in the 2nd quarter. Invesco Ltd. now owns 1,363,033 shares of the mining company’s stock valued at $24,275,000 after acquiring an additional 1,317,167 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in AngloGold Ashanti in the 2nd quarter valued at about $16,398,000. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on AU. Zacks Investment Research upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. ValuEngine downgraded AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group raised AngloGold Ashanti from a “neutral” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price target on AngloGold Ashanti from $26.60 to $26.10 and set an “overweight” rating on the stock in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.23.

Shares of AngloGold Ashanti stock opened at $19.97 on Wednesday. The stock’s fifty day simple moving average is $20.04 and its 200 day simple moving average is $18.67. The company has a current ratio of 0.90, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $7.90 billion, a PE ratio of 37.68, a PEG ratio of 0.48 and a beta of -0.99. AngloGold Ashanti Limited has a 12 month low of $10.33 and a 12 month high of $23.85.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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