Stillwater Mining Company (SWC) : Platinum Investment Management Ltd reduced its stake in Stillwater Mining Company by 1.8% during the most recent quarter end. The investment management company now holds a total of 13,010,129 shares of Stillwater Mining Company which is valued at $195,672,340 after selling 238,051 shares in Stillwater Mining Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Stillwater Mining Company makes up approximately 4.83% of Platinum Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Trexquant Investment Lp boosted its stake in SWC in the latest quarter, The investment management firm added 4,211 additional shares and now holds a total of 25,400 shares of Stillwater Mining Company which is valued at $376,936. Stillwater Mining Company makes up approx 0.08% of Trexquant Investment Lp’s portfolio.Riverhead Capital Management reduced its stake in SWC by selling 5,531 shares or 54.59% in the most recent quarter. The Hedge Fund company now holds 4,600 shares of SWC which is valued at $68,264. First Interstate Bank added SWC to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $2,968.Rhumbline Advisers boosted its stake in SWC in the latest quarter, The investment management firm added 8,080 additional shares and now holds a total of 202,473 shares of Stillwater Mining Company which is valued at $2,802,226. Stillwater Mining Company makes up approx 0.01% of Rhumbline Advisers’s portfolio.
Stillwater Mining Company (SWC) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.82 and reached the intraday high at $15.22. The bulls started the profit booking and pushed the shares to intraday low of $14.74. The trading session was marked by a volume range of 26,50,187 shares exchanging hands. The 52-week high of the shares is $15.91 and the 52-week low is $4.99. The market cap of the company stands at $1,808 M and there are 12,10,78,842 shares in public circulation.
On the company’s financial health, Stillwater Mining Company reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.06. The company had revenue of $196.61 million for the quarter, compared to analysts expectations of $180.00 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.
Stillwater Mining Company is engaged in the development extraction processing smelting and refining of palladium platinum and associated metals (platinum group metals or PGMs) produced by mining a geological formation in south-central Montana the J-M Reef and recycling spent catalytic converters and other industrial sources. The Company is also engaged in expanding its mining operations on the J-M Reef and holds the Marathon PGM-copper property adjacent to Lake Superior in northern Ontario Canada and the Altar copper-gold property in the province of San Juan Argentina. It operates five reportable business segments: Mine Production PGM Recycling Canadian Properties South American Properties and All Other. It conducts mining operations at its Stillwater Mine near Nye Montana and at its East Boulder Mine south of Big Timber Montana.