Parametric Portfolio Associates LLC reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 11.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,996 shares of the basic materials company’s stock after selling 19,827 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.09% of Ferroglobe PLC worth $1,828,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hosking Partners LLP grew its position in shares of Ferroglobe PLC by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 450,794 shares of the basic materials company’s stock valued at $5,387,000 after purchasing an additional 7,283 shares in the last quarter. Comerica Bank purchased a new position in shares of Ferroglobe PLC during the 2nd quarter valued at $2,899,000. Geode Capital Management LLC grew its position in shares of Ferroglobe PLC by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 149,294 shares of the basic materials company’s stock valued at $1,542,000 after purchasing an additional 7,523 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Ferroglobe PLC during the 2nd quarter valued at $2,289,000. Finally, JPMorgan Chase & Co. grew its position in shares of Ferroglobe PLC by 134.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 210,974 shares of the basic materials company’s stock valued at $2,521,000 after purchasing an additional 120,877 shares in the last quarter. Hedge funds and other institutional investors own 38.27% of the company’s stock.
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Ferroglobe PLC (GSM) opened at $15.20 on Friday. Ferroglobe PLC has a 1 year low of $8.54 and a 1 year high of $16.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.42.
Several research analysts recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Ferroglobe PLC from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group LLC set a $17.00 target price on shares of Ferroglobe PLC and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “buy” rating and issued a $16.00 target price on shares of Ferroglobe PLC in a research report on Sunday, September 3rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.20.
Ferroglobe PLC Profile
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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