Raymond James Trust N.A. reduced its stake in shares of Tasman Metals Ltd (NYSE:TSM) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,625 shares of the company’s stock after selling 4,171 shares during the period. Raymond James Trust N.A.’s holdings in Tasman Metals were worth $1,188,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in Tasman Metals during the 2nd quarter worth $115,000. Sit Investment Associates Inc. boosted its holdings in shares of Tasman Metals by 107.7% in the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the company’s stock valued at $189,000 after buying an additional 2,800 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Tasman Metals in the 2nd quarter valued at about $205,000. MAI Capital Management acquired a new position in shares of Tasman Metals in the 2nd quarter valued at about $221,000. Finally, Park National Corp OH boosted its holdings in shares of Tasman Metals by 0.3% in the 2nd quarter. Park National Corp OH now owns 6,575 shares of the company’s stock valued at $230,000 after buying an additional 18 shares during the period.
Tasman Metals Ltd (NYSE TSM) traded up C$0.07 during mid-day trading on Friday, hitting C$41.72. 5,330,000 shares of the company’s stock were exchanged, compared to its average volume of 4,480,000. Tasman Metals Ltd has a one year low of C$28.34 and a one year high of C$42.71.
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Several research analysts have recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Tasman Metals in a report on Friday, October 20th. Zacks Investment Research lowered shares of Tasman Metals from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Daiwa Capital Markets downgraded shares of Tasman Metals from an “outperform” rating to a “hold” rating in a research report on Thursday, October 19th. J P Morgan Chase & Co upgraded shares of Tasman Metals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Tasman Metals from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$27.00.
Tasman Metals Company Profile
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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