Jane Street Group LLC Acquires 45,986 Shares of Seabridge Gold, Inc. (SA)

Jane Street Group LLC increased its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 46.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,410 shares of the basic materials company’s stock after buying an additional 45,986 shares during the period. Jane Street Group LLC owned 0.25% of Seabridge Gold worth $1,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paulson & CO. Inc. acquired a new position in Seabridge Gold during the second quarter valued at approximately $7,560,000. Russell Investments Group Ltd. grew its holdings in Seabridge Gold by 72.5% during the second quarter. Russell Investments Group Ltd. now owns 1,137,503 shares of the basic materials company’s stock valued at $12,224,000 after purchasing an additional 477,932 shares during the period. Van ECK Associates Corp grew its holdings in Seabridge Gold by 16.2% during the third quarter. Van ECK Associates Corp now owns 3,274,455 shares of the basic materials company’s stock valued at $39,948,000 after purchasing an additional 457,148 shares during the period. Essex Investment Management Co. LLC grew its holdings in Seabridge Gold by 258.7% during the third quarter. Essex Investment Management Co. LLC now owns 200,147 shares of the basic materials company’s stock valued at $2,442,000 after purchasing an additional 144,347 shares during the period. Finally, Alps Advisors Inc. grew its holdings in Seabridge Gold by 49.7% during the third quarter. Alps Advisors Inc. now owns 308,777 shares of the basic materials company’s stock valued at $3,767,000 after purchasing an additional 102,553 shares during the period. 27.58% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 24th.

In related news, insider Iii Lloyd I. Miller purchased 92,000 shares of Seabridge Gold stock in a transaction dated Friday, October 6th. The stock was bought at an average price of $0.58 per share, for a total transaction of $53,360.00. Also, insider Iii Lloyd I. Miller purchased 43,500 shares of Seabridge Gold stock in a transaction dated Friday, October 20th. The stock was bought at an average price of $0.58 per share, with a total value of $25,230.00. In the last 90 days, insiders have purchased 160,750 shares of company stock valued at $93,110. Corporate insiders own 12.75% of the company’s stock.

Shares of Seabridge Gold, Inc. (NYSE SA) traded down $0.10 during midday trading on Monday, reaching $10.00. 309,500 shares of the company were exchanged, compared to its average volume of 579,423. Seabridge Gold, Inc. has a 52-week low of $7.35 and a 52-week high of $13.70.

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Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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