Creative Planning Acquires 56,943 Shares of Sibanye Stillwater Limited (NYSE:SBSW)

Creative Planning grew its holdings in shares of Sibanye Stillwater Limited (NYSE:SBSW) by 93.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,956 shares of the company’s stock after acquiring an additional 56,943 shares during the quarter. Creative Planning’s holdings in Sibanye Stillwater were worth $513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Sibanye Stillwater by 125.0% in the 2nd quarter. Renaissance Technologies LLC now owns 436,935 shares of the company’s stock worth $1,901,000 after purchasing an additional 242,735 shares during the period. Quantbot Technologies LP raised its position in Sibanye Stillwater by 153.7% in the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock worth $491,000 after purchasing an additional 63,111 shares during the period. Fermata Advisors LLC purchased a new position in Sibanye Stillwater in the 1st quarter worth $52,000. Virtu Financial LLC purchased a new position in Sibanye Stillwater in the 1st quarter worth $84,000. Finally, Cubist Systematic Strategies LLC raised its position in Sibanye Stillwater by 53.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after purchasing an additional 349,835 shares during the period. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Down 3.6 %

NYSE:SBSW opened at $4.02 on Tuesday. Sibanye Stillwater Limited has a one year low of $3.08 and a one year high of $6.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company’s 50-day simple moving average is $4.12 and its 200 day simple moving average is $4.58.

Analyst Upgrades and Downgrades

SBSW has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. BMO Capital Markets decreased their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.17.

About Sibanye Stillwater

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.