Schroder Investment Management Group lowered its stake in shares of Harmony Gold Mining Co. (NYSE:HMY) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,027,094 shares of the mining company’s stock after selling 640,786 shares during the quarter. Schroder Investment Management Group’s holdings in Harmony Gold Mining were worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new stake in Harmony Gold Mining in the third quarter valued at about $735,000. Bank of Montreal Can purchased a new stake in Harmony Gold Mining in the second quarter valued at about $889,000. Jane Street Group LLC raised its stake in Harmony Gold Mining by 39.7% in the second quarter. Jane Street Group LLC now owns 754,163 shares of the mining company’s stock valued at $1,176,000 after buying an additional 214,336 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Harmony Gold Mining by 40.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,263,911 shares of the mining company’s stock valued at $1,972,000 after buying an additional 366,161 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Harmony Gold Mining by 11.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock valued at $2,052,000 after buying an additional 131,285 shares during the last quarter. Institutional investors own 31.12% of the company’s stock.

A number of research firms have commented on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Macquarie cut Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 28th. Finally, ValuEngine cut Harmony Gold Mining from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.25.

Harmony Gold Mining stock opened at $1.62 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.67. Harmony Gold Mining Co. has a one year low of $1.42 and a one year high of $2.53. The stock has a market capitalization of $711.57 million, a price-to-earnings ratio of 12.46 and a beta of -1.99.

COPYRIGHT VIOLATION WARNING: “Schroder Investment Management Group Sells 640,786 Shares of Harmony Gold Mining Co. (HMY)” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/schroder-investment-management-group-sells-640786-shares-of-harmony-gold-mining-co-hmy/2668145.html.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

Further Reading: What is an SEC Filing?

Want to see what other hedge funds are holding HMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harmony Gold Mining Co. (NYSE:HMY).

Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

Receive News & Ratings for Harmony Gold Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmony Gold Mining and related companies with MarketBeat.com's FREE daily email newsletter.