Oppenheimer & Co. Inc. decreased its position in Ferroglobe PLC (NASDAQ:GSM) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,892 shares of the basic materials company’s stock after selling 845 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ferroglobe PLC were worth $174,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in GSM. Boston Partners increased its position in shares of Ferroglobe PLC by 15.1% in the first quarter. Boston Partners now owns 4,002,844 shares of the basic materials company’s stock worth $41,349,000 after buying an additional 525,827 shares during the period. Independent Portfolio Consultants Inc. increased its position 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 during the period. Norges Bank acquired a new position in shares of Ferroglobe PLC during the fourth quarter worth about $10,596,000. FMR LLC increased its position in shares of Ferroglobe PLC by 58.2% in the fourth quarter. FMR LLC now owns 1,114,100 shares of the basic materials company’s stock worth $12,066,000 after buying an additional 410,000 shares during the period. Finally, 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 during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Shares of Ferroglobe PLC (NASDAQ GSM) opened at 12.22 on Monday. The stock’s market cap is $2.10 billion. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $12.53. The firm has a 50-day moving average price of $10.40 and a 200-day moving average price of $10.41.
A number of brokerages recently issued reports on GSM. Zacks Investment Research raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. BidaskClub raised Ferroglobe PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. B. Riley reaffirmed a “buy” rating and issued a $14.25 price target on shares of Ferroglobe PLC in a report on Monday, March 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Ferroglobe PLC in a report on Thursday, May 11th. Finally, ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Ferroglobe PLC currently has a consensus rating of “Buy” and a consensus 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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