Pembroke Management LTD raised its position in Ferroglobe PLC (NASDAQ:GSM) by 44.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,402,000 shares of the basic materials company’s stock after buying an additional 432,200 shares during the period. Pembroke Management LTD owned approximately 0.82% of Ferroglobe PLC worth $16,753,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of GSM. Oppenheimer Asset Management Inc. acquired a new stake in Ferroglobe PLC during the first quarter worth about $100,000. Budros Ruhlin & Roe Inc. acquired a new stake in Ferroglobe PLC during the first quarter worth about $120,000. GSA Capital Partners LLP boosted its stake in Ferroglobe PLC by 17.8% in the fourth quarter. GSA Capital Partners LLP now owns 12,100 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,830 shares during the last quarter. Invictus RG acquired a new stake in Ferroglobe PLC during the first quarter worth about $154,000. Finally, Parkwood LLC acquired a new stake in Ferroglobe PLC during the first quarter worth about $162,000. 40.94% of the stock is owned by institutional investors and hedge funds.
Shares of Ferroglobe PLC (GSM) opened at 12.89 on Tuesday. The stock has a 50 day moving average price of $12.51 and a 200 day moving average price of $10.91. Ferroglobe PLC has a 12-month low of $7.67 and a 12-month high of $13.47. The firm’s market cap is $2.21 billion.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Ferroglobe PLC in a research report on Wednesday, July 19th. BidaskClub raised Ferroglobe PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. B. Riley reaffirmed a “buy” rating and set a $14.25 price target on shares of Ferroglobe PLC in a research report on Tuesday, May 23rd. Finally, ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ferroglobe PLC has an average rating of “Buy” and an average price target of $13.04.
About Ferroglobe PLC
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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