Teacher Retirement System of Texas maintained its position in NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) during the second quarter, Holdings Channel reports. The fund owned 1,495,000 shares of the mining company’s stock at the end of the second quarter. Teacher Retirement System of Texas’ holdings in NovaGold Resources were worth $6,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NG. OppenheimerFunds Inc. raised its stake in shares of NovaGold Resources by 10.0% in the first quarter. OppenheimerFunds Inc. now owns 110,000 shares of the mining company’s stock worth $536,000 after buying an additional 10,000 shares in the last quarter. Morgan Stanley raised its stake in shares of NovaGold Resources by 52.1% in the first quarter. Morgan Stanley now owns 1,800,749 shares of the mining company’s stock worth $8,770,000 after buying an additional 617,162 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of NovaGold Resources during the fourth quarter worth $119,000. Clearbridge Investments LLC raised its stake in shares of NovaGold Resources by 0.9% in the first quarter. Clearbridge Investments LLC now owns 2,458,184 shares of the mining company’s stock worth $11,971,000 after buying an additional 20,780 shares in the last quarter. Finally, Legacy Capital Partners Inc. raised its stake in shares of 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 in the last quarter.

Shares of NovaGold Resources Inc. (NYSEMKT NG) opened at 4.07 on Tuesday. The company’s 50-day moving average is $4.44 and its 200 day moving average is $4.68. NovaGold Resources Inc. has a 1-year low of $3.78 and a 1-year high of $6.65. The firm’s market capitalization is $1.31 billion.

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A number of analysts have recently weighed in on NG shares. BidaskClub raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

In related news, VP David A. Ottewell sold 43,224 shares of NovaGold Resources stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $4.65, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gillyeard J. Leathley sold 7,000 shares of NovaGold Resources stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $5.65, for a total transaction of $39,550.00. Following 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.

About NovaGold Resources

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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Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

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