Boston Partners raised its stake in shares of Ferroglobe PLC (NASDAQ:GSM) by 15.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,002,844 shares of the basic materials company’s stock after buying an additional 525,827 shares during the period. Boston Partners owned 2.33% of Ferroglobe PLC worth $41,349,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP increased its position in shares of 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 in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Ferroglobe PLC by 1.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,810 shares of the basic materials company’s stock worth $194,000 after buying an additional 255 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Ferroglobe PLC during the fourth quarter worth approximately $349,000. Trexquant Investment LP bought a new stake in shares of Ferroglobe PLC during the fourth quarter worth approximately $412,000. Finally, Trellus Management Company LLC bought a new stake in shares of Ferroglobe PLC during the first quarter worth approximately $438,000. Institutional investors own 41.01% of the company’s stock.
Shares of Ferroglobe PLC (NASDAQ:GSM) traded up 2.22% during mid-day trading on Friday, reaching $9.21. 1,451,527 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $9.58 and a 200 day moving average price of $10.43. Ferroglobe PLC has a 12-month low of $7.67 and a 12-month high of $12.53. The firm’s market capitalization is $1.58 billion.
GSM has been the subject of several recent analyst reports. Zacks Investment Research lowered Ferroglobe PLC from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. Jefferies Group LLC restated a “buy” rating and set a $13.00 target price (down previously from $14.50) on shares of Ferroglobe PLC in a research report on Saturday, March 11th. ValuEngine upgraded Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley restated a “buy” rating and set a $14.25 target price on shares of Ferroglobe PLC in a research report on Wednesday, March 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.54.
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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