Ferroglobe PLC (GSM) Stake Increased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 30,358.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,332 shares of the basic materials company’s stock after buying an additional 35,216 shares during the period. Sei Investments Co.’s holdings in Ferroglobe were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Ferroglobe by 0.4% during the 2nd quarter. HighTower Advisors LLC now owns 41,492 shares of the basic materials company’s stock worth $498,000 after buying an additional 150 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Ferroglobe by 10.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 1,011 shares during the period. Budros Ruhlin & Roe Inc. boosted its position in shares of Ferroglobe by 17.2% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 2,000 shares during the period. Chicago Equity Partners LLC boosted its position in shares of Ferroglobe by 2.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 196,555 shares of the basic materials company’s stock worth $2,587,000 after purchasing an additional 4,990 shares during the period. Finally, Hosking Partners LLP boosted its position in shares of Ferroglobe by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 450,794 shares of the basic materials company’s stock worth $5,387,000 after purchasing an additional 7,283 shares during the period. Institutional investors and hedge funds own 36.61% of the company’s stock.

GSM has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ferroglobe in a research report on Sunday, September 3rd. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective (up previously from $14.25) on shares of Ferroglobe in a research report on Tuesday, August 29th. Jefferies Group reaffirmed a “buy” rating and set a $16.75 price objective (down previously from $17.00) on shares of Ferroglobe in a research report on Thursday, August 31st. Zacks Investment Research cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, BidaskClub cut shares of Ferroglobe from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.25.

Ferroglobe PLC (NASDAQ:GSM) opened at $17.32 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.09. Ferroglobe PLC has a 1 year low of $8.54 and a 1 year high of $17.51.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The company had revenue of $451.60 million during the quarter, compared to analysts’ expectations of $435.15 million. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. analysts forecast that Ferroglobe PLC will post 0.13 EPS for the current fiscal year.

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Ferroglobe Company 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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Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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