Jefferies Group LLC Buys 204,091 Shares of Trilogy Metals Inc (TMQ)
Jefferies Group LLC increased its stake in Trilogy Metals Inc (NYSEAMERICAN:TMQ) by 133.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 357,499 shares of the mining company’s stock after purchasing an additional 204,091 shares during the quarter. Jefferies Group LLC owned about 0.27% of Trilogy Metals worth $715,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lido Advisors LLC purchased a new position in Trilogy Metals during the third quarter worth about $100,000. Millennium Management LLC grew its position in Trilogy Metals by 164.0% during the second quarter. Millennium Management LLC now owns 6,022,604 shares of the mining company’s stock worth $10,720,000 after buying an additional 3,741,714 shares in the last quarter. Selz Capital LLC grew its position in Trilogy Metals by 0.7% during the third quarter. Selz Capital LLC now owns 10,347,458 shares of the mining company’s stock worth $20,695,000 after buying an additional 70,046 shares in the last quarter. Manatuck Hill Partners LLC grew its position in Trilogy Metals by 29.5% during the second quarter. Manatuck Hill Partners LLC now owns 272,998 shares of the mining company’s stock worth $486,000 after buying an additional 62,205 shares in the last quarter. Finally, Virtu Financial LLC grew its position in Trilogy Metals by 230.7% during the third quarter. Virtu Financial LLC now owns 83,878 shares of the mining company’s stock worth $193,000 after buying an additional 58,518 shares in the last quarter.
Trilogy Metals stock opened at $1.84 on Friday. Trilogy Metals Inc has a 52 week low of $0.81 and a 52 week high of $2.34.
Separately, Zacks Investment Research cut Trilogy Metals from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st.
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About Trilogy Metals
Trilogy Metals Inc, a base metals exploration company, explores for and develops mineral properties in the United States. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic copper-zinc-lead-gold-silver project and Bornite carbonate-hosted copper project covering an area of approximately 355,400 acres located in the Ambler mining district in Northwest Alaska.
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