Cynosure Group LLC Has $295,000 Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Cynosure Group LLC raised its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 27.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,767 shares of the company’s stock after buying an additional 2,326 shares during the period. Cynosure Group LLC’s holdings in A-Mark Precious Metals were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new position in shares of A-Mark Precious Metals during the third quarter valued at approximately $251,000. FMR LLC lifted its stake in A-Mark Precious Metals by 1,714.4% during the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after acquiring an additional 1,143,125 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in A-Mark Precious Metals by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company’s stock worth $2,025,000 after acquiring an additional 1,652 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth $418,000. Finally, Barclays PLC raised its holdings in shares of A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after purchasing an additional 22,181 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

AMRK has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Northland Securities reduced their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Stock Down 8.2 %

A-Mark Precious Metals stock opened at $23.21 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $534.27 million, a P/E ratio of 11.32 and a beta of 0.07. The firm has a 50 day moving average price of $27.48 and a 200-day moving average price of $31.63. A-Mark Precious Metals, Inc. has a twelve month low of $22.10 and a twelve month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.