CIBC Asset Management Inc Trims Stock Position in Sprott Inc. (NYSE:SII)

CIBC Asset Management Inc lessened its position in shares of Sprott Inc. (NYSE:SII) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,233 shares of the company’s stock after selling 461 shares during the quarter. CIBC Asset Management Inc owned about 0.10% of Sprott worth $1,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Sprott during the 3rd quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new stake in shares of Sprott during the 3rd quarter valued at approximately $78,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Sprott during the 3rd quarter valued at approximately $82,000. SG Americas Securities LLC purchased a new stake in Sprott in the fourth quarter valued at approximately $145,000. Finally, Barclays PLC raised its position in Sprott by 7,753.4% in the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after purchasing an additional 4,497 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Down 0.3 %

Shares of NYSE SII opened at $43.26 on Friday. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00. The business’s 50 day moving average is $42.67 and its two-hundred day moving average is $42.94. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.77 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on Sprott in a research report on Tuesday, January 21st. They issued a “buy” rating on the stock.

Sprott Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.