Van Den Berg Management I Inc. lowered its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,800,113 shares of the basic materials company’s stock after selling 181,700 shares during the period. Seabridge Gold accounts for 2.3% of Van Den Berg Management I Inc.’s holdings, making the stock its 18th biggest position. Van Den Berg Management I Inc. owned 3.13% of Seabridge Gold worth $20,341,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in shares of Seabridge Gold during the fourth quarter worth $141,000. Fox Run Management L.L.C. acquired a new stake in Seabridge Gold during the fourth quarter valued at $175,000. Cubist Systematic Strategies LLC acquired a new stake in Seabridge Gold during the third quarter valued at $189,000. Timber Hill LLC acquired a new stake in Seabridge Gold during the third quarter valued at $194,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Seabridge Gold during the fourth quarter valued at $251,000. 26.39% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine lowered shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th.
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.
Want to see what other hedge funds are holding SA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA).
Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with MarketBeat.com's FREE daily email newsletter.