Quantbot Technologies LP Takes $57,000 Position in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Quantbot Technologies LP bought a new stake in Contango Ore, Inc. (NYSEAMERICAN:CTGO) during the third quarter, Holdings Channel reports. The fund bought 2,935 shares of the company’s stock, valued at approximately $57,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Contango Ore by 55.1% in the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock worth $173,000 after acquiring an additional 3,397 shares in the last quarter. Marshall Wace LLP purchased a new stake in Contango Ore during the 2nd quarter worth $185,000. Fore Capital LLC acquired a new stake in Contango Ore in the 2nd quarter valued at $201,000. Bank of New York Mellon Corp raised its position in Contango Ore by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock valued at $409,000 after purchasing an additional 966 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Contango Ore by 27.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company’s stock worth $508,000 after purchasing an additional 5,630 shares in the last quarter. Hedge funds and other institutional investors own 19.14% of the company’s stock.

Insider Transactions at Contango Ore

In other Contango Ore news, Director Joseph S. Compofelice sold 7,460 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.14, for a total transaction of $157,704.40. Following the completion of the sale, the director now owns 148,498 shares in the company, valued at $3,139,247.72. The trade was a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.80% of the company’s stock.

Contango Ore Stock Down 5.8 %

Shares of CTGO stock opened at $11.45 on Friday. The firm has a market capitalization of $140.03 million, a PE ratio of -1.46 and a beta of 0.48. Contango Ore, Inc. has a twelve month low of $11.35 and a twelve month high of $25.32.

Analyst Upgrades and Downgrades

Separately, Roth Mkm increased their target price on Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, October 11th.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.