First Trust Direct Indexing L.P. Sells 5,991 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

First Trust Direct Indexing L.P. lowered its position in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 29.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,657 shares of the company’s stock after selling 5,991 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Sibanye Stillwater were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth $30,000. Gunderson Capital Management Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter worth about $54,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter worth about $69,000. Sigma Planning Corp bought a new position in Sibanye Stillwater during the third quarter valued at about $79,000. Finally, SFG Wealth Management LLC. purchased a new stake in Sibanye Stillwater during the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SBSW. Royal Bank of Canada reduced their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater Price Performance

Shares of NYSE SBSW opened at $4.67 on Thursday. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $4.84. 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 fifty-two week low of $3.85 and a fifty-two week high of $9.02.

Sibanye Stillwater Company 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.