Alps Advisors Inc. lifted its holdings in Gravitas Financial Inc (NYSE:GFI) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,021,556 shares of the company’s stock after acquiring an additional 125,765 shares during the period. Alps Advisors Inc. owned approximately 0.12% of Gravitas Financial worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Gravitas Financial by 45.1% in the 2nd quarter. Van ECK Associates Corp now owns 83,505,034 shares of the company’s stock valued at $290,598,000 after buying an additional 25,935,929 shares in the last quarter. BlackRock Inc. increased its position in Gravitas Financial by 1,114.7% in the 1st quarter. BlackRock Inc. now owns 57,107,933 shares of the company’s stock valued at $201,591,000 after buying an additional 52,406,572 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Gravitas Financial by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 34,627,933 shares of the company’s stock valued at $120,477,000 after buying an additional 1,033,502 shares in the last quarter. Majedie Asset Management Ltd increased its position in Gravitas Financial by 401.1% in the 2nd quarter. Majedie Asset Management Ltd now owns 23,183,035 shares of the company’s stock valued at $80,677,000 after buying an additional 18,557,035 shares in the last quarter. Finally, GAM Holding AG increased its position in Gravitas Financial by 12.9% in the 2nd quarter. GAM Holding AG now owns 3,669,053 shares of the company’s stock valued at $12,768,000 after buying an additional 419,053 shares in the last quarter.

A number of analysts recently commented on the company. Morgan Stanley lowered Gravitas Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 9th. BidaskClub upgraded Gravitas Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded Gravitas Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$3.88.

Gravitas Financial Inc (NYSE GFI) traded down C$0.01 during mid-day trading on Friday, reaching C$3.96. The company’s stock had a trading volume of 4,480,000 shares, compared to its average volume of 4,490,000. Gravitas Financial Inc has a fifty-two week low of C$2.60 and a fifty-two week high of C$4.70.

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Gravitas Financial Profile

Gold Fields Limited (Gold Fields) is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru.

Institutional Ownership by Quarter for Gravitas Financial (NYSE:GFI)

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