Levin Capital Strategies L.P. Has $1.26 Million Stock Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Levin Capital Strategies L.P. reduced its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,277 shares of the mining company’s stock after selling 5,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in NovaGold Resources were worth $1,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HTLF Bank bought a new stake in shares of NovaGold Resources in the 4th quarter worth $67,000. Dubuque Bank & Trust Co bought a new position in shares of NovaGold Resources during the 3rd quarter worth approximately $69,000. Oak Thistle LLC purchased a new position in shares of NovaGold Resources in the 4th quarter worth approximately $75,000. Algert Global LLC bought a new position in shares of NovaGold Resources in the third quarter valued at approximately $96,000. Finally, Hsbc Holdings PLC increased its position in shares of NovaGold Resources by 13.1% during the third quarter. Hsbc Holdings PLC now owns 52,845 shares of the mining company’s stock valued at $202,000 after acquiring an additional 6,128 shares during the last quarter. Institutional investors and hedge funds own 57.56% of the company’s stock.

Analysts Set New Price Targets

Separately, National Bank Financial reaffirmed an “outperform overweight” rating on shares of NovaGold Resources in a research report on Wednesday, January 3rd.

NovaGold Resources Stock Performance

Shares of NG traded down $0.01 during mid-day trading on Thursday, hitting $3.02. The stock had a trading volume of 396,909 shares, compared to its average volume of 2,320,193. The company has a debt-to-equity ratio of 3,250.59, a current ratio of 65.41 and a quick ratio of 65.41. The firm has a market cap of $1.01 billion, a PE ratio of -23.35 and a beta of 1.07. NovaGold Resources Inc. has a 52 week low of $2.22 and a 52 week high of $5.75.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its quarterly earnings results on Wednesday, April 3rd. The mining company reported ($0.03) earnings per share (EPS) for the quarter.

NovaGold Resources Company Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.