Dehai News

Dahabshiil long banner 728x90
Eritrea for mobile viewing

(AmericanBankingNews.com) Marshall Wace North America L.P. Sells 34,650 Shares of Nevsun Resources (NSU)

Posted by: Biniam Tekle

Date: Monday, 17 December 2018

https://www.americanbankingnews.com/2018/12/15/marshall-wace-north-america-l-p-sells-34650-shares-of-nevsun-resources-nsu.html
Marshall Wace North America L.P. lessened its stake in shares of Nevsun Resources (NYSEAMERICAN:NSU) by 8.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 387,559 shares of the company’s stock after selling 34,650 shares during the period. Marshall Wace North America L.P. owned 0.13% of Nevsun Resources […]
www.americanbankingnews.com


Marshall Wace North America L.P. Sells 34,650 Shares of Nevsun Resources (NSU)

Posted by  on Dec 15th, 2018 // No Comments

Nevsun Resources logoMarshall Wace North America L.P. lessened its stake in shares of Nevsun Resources (NYSEAMERICAN:NSU) by 8.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 387,559 shares of the company’s stock after selling 34,650 shares during the period. Marshall Wace North America L.P. owned 0.13% of Nevsun Resources worth $1,717,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Nevsun Resources by 6.6% in the third quarter. Vanguard Group Inc. now owns 7,289,493 shares of the company’s stock valued at $32,292,000 after acquiring an additional 454,175 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Nevsun Resources by 118.8% in the third quarter. Legal & General Group Plc now owns 88,832 shares of the company’s stock valued at $394,000 after acquiring an additional 48,227 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in shares of Nevsun Resources in the third quarter valued at about $666,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Nevsun Resources in the third quarter valued at about $3,629,000. Finally, Manikay Partners LLC purchased a new position in shares of Nevsun Resources in the third quarter valued at about $17,011,000.

NYSEAMERICAN:NSU opened at $4.38 on Friday. Nevsun Resources has a 12 month low of $2.00 and a 12 month high of $4.54.

Nevsun Resources (NYSEAMERICAN:NSU) last posted its earnings results on Thursday, October 25th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $71.61 million during the quarter.

A number of research firms recently commented on NSU. Zacks Investment Research upgraded Nevsun Resources from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 11th. Scotiabank downgraded Nevsun Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, September 7th. Finally, Canaccord Genuity downgraded Nevsun Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.

About Nevsun Resources

Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

Recommended Story: Fundamental Analysis and Individual Investors

Institutional Ownership by Quarter for Nevsun Resources (NYSEAMERICAN:NSU)

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


Dm eri tv subscribe

Embassy Media - Interview with Mr. Haileab Tesfay