Russell Investments Group Ltd. Decreases Holdings in International Tower Hill Mines Ltd. (NYSE:THM)

Russell Investments Group Ltd. lowered its position in International Tower Hill Mines Ltd. (NYSE:THM) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,591,889 shares of the company’s stock after selling 242,282 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.30% of International Tower Hill Mines worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter valued at $38,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the acquisition, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.46% of the stock is owned by insiders.

International Tower Hill Mines Stock Down 2.1 %

NYSE:THM opened at $0.66 on Monday. The company has a market cap of $138.04 million, a price-to-earnings ratio of -33.20 and a beta of 0.79. International Tower Hill Mines Ltd. has a 52 week low of $0.40 and a 52 week high of $0.77. The firm’s fifty day moving average price is $0.58.

Analyst Ratings Changes

Separately, StockNews.com started coverage on International Tower Hill Mines in a research note on Monday. They issued a “sell” rating on the stock.

About International Tower Hill Mines

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.