AngloGold Ashanti Limited (NYSE:AU) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its position in shares of AngloGold Ashanti Limited (NYSE:AU) by 10.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,598,000 shares of the mining company’s stock after selling 180,000 shares during the quarter. USS Investment Management Ltd’s holdings in AngloGold Ashanti were worth $35,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AU. BlackRock Inc. boosted its position in AngloGold Ashanti by 17.3% during the second quarter. BlackRock Inc. now owns 17,378,854 shares of the mining company’s stock worth $309,518,000 after acquiring an additional 2,564,271 shares during the last quarter. Millennium Management LLC boosted its position in AngloGold Ashanti by 899.1% during the third quarter. Millennium Management LLC now owns 1,198,702 shares of the mining company’s stock worth $21,900,000 after acquiring an additional 1,348,702 shares during the last quarter. Man Group plc boosted its position in AngloGold Ashanti by 86.7% during the third quarter. Man Group plc now owns 754,271 shares of the mining company’s stock worth $13,781,000 after acquiring an additional 350,187 shares during the last quarter. Russell Investments Group Ltd. boosted its position in AngloGold Ashanti by 6.1% during the third quarter. Russell Investments Group Ltd. now owns 2,682,251 shares of the mining company’s stock worth $49,490,000 after acquiring an additional 155,195 shares during the last quarter. Finally, LGT Capital Partners LTD. boosted its position in AngloGold Ashanti by 8.6% during the fourth quarter. LGT Capital Partners LTD. now owns 1,883,866 shares of the mining company’s stock worth $42,086,000 after acquiring an additional 149,400 shares during the last quarter. Hedge funds and other institutional investors own 35.12% of the company’s stock.

A number of analysts recently issued reports on the stock. Goldman Sachs Group upgraded shares of AngloGold Ashanti from a “neutral” rating to a “buy” rating in a research report on Friday, October 18th. UBS Group assumed coverage on shares of AngloGold Ashanti in a research report on Thursday, February 6th. They set a “neutral” rating on the stock. ValuEngine lowered shares of AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. AngloGold Ashanti presently has an average rating of “Hold” and an average target price of $21.79.

Shares of AU traded down $0.04 during mid-day trading on Friday, reaching $19.46. The company had a trading volume of 356,129 shares, compared to its average volume of 2,880,817. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 0.31 and a beta of -0.72. The firm has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $20.39. AngloGold Ashanti Limited has a fifty-two week low of $11.29 and a fifty-two week high of $23.85. The company has a current ratio of 0.90, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

AngloGold Ashanti Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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