Seabridge Gold Inc. (NYSE:SA) Position Trimmed by Summit Financial LLC

Summit Financial LLC decreased its holdings in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 32.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 169,500 shares of the basic materials company’s stock after selling 81,500 shares during the quarter. Summit Financial LLC’s holdings in Seabridge Gold were worth $1,934,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SA. JPMorgan Chase & Co. raised its holdings in Seabridge Gold by 459.3% during the 4th quarter. JPMorgan Chase & Co. now owns 135,269 shares of the basic materials company’s stock worth $1,543,000 after buying an additional 111,084 shares during the period. Fox Run Management L.L.C. increased its position in shares of Seabridge Gold by 95.4% in the fourth quarter. Fox Run Management L.L.C. now owns 48,657 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 23,756 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $286,000. Quantbot Technologies LP lifted its position in shares of Seabridge Gold by 100.5% in the 4th quarter. Quantbot Technologies LP now owns 61,962 shares of the basic materials company’s stock valued at $707,000 after acquiring an additional 31,063 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Seabridge Gold in the 4th quarter worth approximately $70,000. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Trading Down 2.2 %

NYSE SA opened at $11.41 on Wednesday. The firm’s 50 day moving average price is $11.82 and its two-hundred day moving average price is $13.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. Seabridge Gold Inc. has a twelve month low of $10.14 and a twelve month high of $20.55. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -45.65 and a beta of 1.00.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

About Seabridge Gold

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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.