Deutsche Bank AG lessened its holdings in DRDGOLD Ltd. (NYSE:DRD) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,221 shares of the basic materials company’s stock after selling 14,114 shares during the quarter. Deutsche Bank AG’s holdings in DRDGOLD were worth $108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ruffer LLP boosted its holdings in shares of DRDGOLD by 3.8% in the fourth quarter. Ruffer LLP now owns 3,122,186 shares of the basic materials company’s stock valued at $6,603,000 after acquiring an additional 115,190 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of DRDGOLD in the fourth quarter valued at approximately $238,000. Finally, Jane Street Group LLC boosted its holdings in shares of DRDGOLD by 970.3% in the fourth quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock valued at $570,000 after acquiring an additional 248,292 shares in the last quarter. Institutional investors and hedge funds own 16.05% of the company’s stock.

DRDGOLD stock opened at $1.87 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.35. DRDGOLD Ltd. has a 12-month low of $1.64 and a 12-month high of $2.95.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of DRDGOLD from a “sell” rating to a “hold” rating in a report on Monday. Macquarie assumed coverage on shares of DRDGOLD in a report on Friday, March 8th. They issued an “outperform” rating and a $2.10 price objective for the company.

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DRDGOLD Company Profile

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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Institutional Ownership by Quarter for DRDGOLD (NYSE:DRD)

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