Simplicity Solutions LLC Cuts Stock Position in Seabridge Gold Inc. (NYSE:SA)

Simplicity Solutions LLC cut its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 155,477 shares of the basic materials company’s stock after selling 2,981 shares during the quarter. Simplicity Solutions LLC’s holdings in Seabridge Gold were worth $1,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SA. Sprott Inc. increased its stake in shares of Seabridge Gold by 8.0% during the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock worth $18,457,000 after buying an additional 128,323 shares during the period. Amundi increased its stake in shares of Seabridge Gold by 33.4% during the fourth quarter. Amundi now owns 918,275 shares of the basic materials company’s stock worth $12,635,000 after buying an additional 229,902 shares during the period. Millennium Management LLC increased its stake in shares of Seabridge Gold by 513.9% during the fourth quarter. Millennium Management LLC now owns 888,638 shares of the basic materials company’s stock worth $11,176,000 after buying an additional 743,881 shares during the period. Raymond James & Associates increased its stake in shares of Seabridge Gold by 21.6% during the fourth quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock worth $9,777,000 after buying an additional 143,321 shares during the period. Finally, Morgan Stanley increased its stake in Seabridge Gold by 14.0% in the fourth quarter. Morgan Stanley now owns 586,054 shares of the basic materials company’s stock valued at $7,373,000 after purchasing an additional 72,105 shares during the last quarter. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.

Seabridge Gold Price Performance

Shares of Seabridge Gold stock opened at $15.47 on Monday. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week high of $16.71. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $12.95 and its two-hundred day moving average is $11.91.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.