Jane Street Group LLC Invests $273,000 in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Jane Street Group LLC purchased a new position in Contango Ore, Inc. (NYSEAMERICAN:CTGO) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 14,193 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in shares of Contango Ore by 11.3% in the third quarter. State Street Corp now owns 156,606 shares of the company’s stock worth $3,016,000 after purchasing an additional 15,859 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Contango Ore in the third quarter valued at $57,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Contango Ore by 27.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock valued at $508,000 after buying an additional 5,630 shares during the period. Marshall Wace LLP acquired a new stake in shares of Contango Ore in the second quarter valued at $185,000. Finally, Rhumbline Advisers lifted its holdings in shares of Contango Ore by 55.1% in the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock valued at $173,000 after buying an additional 3,397 shares during the period. Institutional investors own 19.14% of the company’s stock.

Insider Activity

In related news, Director John B. Juneau bought 8,300 shares of Contango Ore stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $11.83 per share, with a total value of $98,189.00. Following the completion of the acquisition, the director now directly owns 319,411 shares in the company, valued at approximately $3,778,632.13. This trade represents a 2.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 17.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm upped their price objective on Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, October 11th.

Contango Ore Stock Down 1.5 %

Shares of Contango Ore stock opened at $10.08 on Friday. The firm has a market capitalization of $123.28 million, a PE ratio of -1.29 and a beta of 0.48. Contango Ore, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $25.32.

About Contango Ore

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.