KCG Holdings Inc. Sells 53,369 Shares of NovaGold Resources Inc. (NYSEMKT:NG)
KCG Holdings Inc. decreased its position in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 71.6% during the first quarter, Holdings Channel reports. The fund owned 21,126 shares of the mining company’s stock after selling 53,369 shares during the period. KCG Holdings Inc.’s holdings in NovaGold Resources were worth $103,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in NG. Exencial Wealth Advisors LLC acquired a new stake in NovaGold Resources during the first quarter worth approximately $115,000. Highbridge Capital Management LLC acquired a new stake in NovaGold Resources during the fourth quarter worth approximately $119,000. Legacy Capital Partners Inc. boosted its stake in NovaGold Resources by 19.9% in the first quarter. Legacy Capital Partners Inc. now owns 31,300 shares of the mining company’s stock worth $153,000 after buying an additional 5,200 shares during the period. Legal & General Group Plc boosted its stake in NovaGold Resources by 31.8% in the first quarter. Legal & General Group Plc now owns 36,023 shares of the mining company’s stock worth $174,000 after buying an additional 8,700 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in NovaGold Resources during the first quarter worth approximately $266,000.
NovaGold Resources Inc. (NYSEMKT:NG) traded up 0.50% during midday trading on Friday, hitting $3.99. The stock had a trading volume of 509,275 shares. The stock has a 50 day moving average of $4.47 and a 200 day moving average of $4.70. The stock’s market cap is $1.28 billion. NovaGold Resources Inc. has a 12 month low of $3.78 and a 12 month high of $6.84.
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NG has been the topic of a number of analyst reports. BidaskClub upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
In other news, VP David A. Ottewell sold 43,224 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $4.65, for a total value of $200,991.60. Following the transaction, the vice president now owns 788,540 shares of the company’s stock, valued at approximately $3,666,711. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gillyeard J. Leathley sold 7,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $5.65, for a total transaction of $39,550.00. Following the completion of the transaction, the director now directly owns 84,940 shares in the company, valued at approximately $479,911. The disclosure for this sale can be found here.
NovaGold Resources Company Profile
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.
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