Virtu Financial LLC Purchases 113,566 Shares of Harmony Gold Mining Co. (HMY)

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Virtu Financial LLC increased its position in Harmony Gold Mining Co. (NYSE:HMY) by 357.2% in the 3rd quarter, Holdings Channel reports. The fund owned 145,357 shares of the mining company’s stock after purchasing an additional 113,566 shares during the period. Virtu Financial LLC’s holdings in Harmony Gold Mining were worth $241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in Harmony Gold Mining in the 3rd quarter worth about $735,000. Jane Street Group LLC boosted its stake in Harmony Gold Mining by 39.7% in the 2nd quarter. Jane Street Group LLC now owns 754,163 shares of the mining company’s stock worth $1,176,000 after purchasing an additional 214,336 shares during the period. Bank of Montreal Can boosted its stake in Harmony Gold Mining by 55.2% in the 3rd quarter. Bank of Montreal Can now owns 885,431 shares of the mining company’s stock worth $1,470,000 after purchasing an additional 315,039 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Harmony Gold Mining by 11.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock worth $2,052,000 after purchasing an additional 131,285 shares during the period. Finally, FMR LLC boosted its stake in Harmony Gold Mining by 4.8% in the 3rd quarter. FMR LLC now owns 1,520,401 shares of the mining company’s stock worth $2,524,000 after purchasing an additional 70,001 shares during the period. 31.12% of the stock is owned by institutional investors.

Several research analysts have commented on the company. Zacks Investment Research upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Tuesday, October 16th. Macquarie downgraded Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 28th. Finally, ValuEngine upgraded Harmony Gold Mining from a “strong sell” rating to a “sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.25.

Shares of NYSE HMY opened at $1.69 on Wednesday. Harmony Gold Mining Co. has a 52 week low of $1.42 and a 52 week high of $2.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 1.15.

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Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

Further Reading: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding HMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harmony Gold Mining Co. (NYSE:HMY).

Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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