Boston Partners increased its stake in Ferroglobe PLC (NASDAQ:GSM) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,226,331 shares of the basic materials company’s stock after acquiring an additional 26,797 shares during the period. Boston Partners’ holdings in Ferroglobe were worth $68,466,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in Ferroglobe by 108.3% during the third quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock valued at $137,000 after buying an additional 5,400 shares in the last quarter. Invictus RG acquired a new position in Ferroglobe during the third quarter valued at approximately $146,000. Caxton Associates LP acquired a new position in Ferroglobe during the third quarter valued at approximately $151,000. Oppenheimer & Co. Inc. lifted its position in Ferroglobe by 30.6% during the third quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock valued at $209,000 after buying an additional 3,725 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Ferroglobe by 77.1% during the third quarter. Quantbot Technologies LP now owns 15,913 shares of the basic materials company’s stock valued at $209,000 after buying an additional 6,926 shares in the last quarter. 38.50% of the stock is currently owned by institutional investors and hedge funds.
GSM has been the topic of a number of recent research reports. BidaskClub cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Jefferies Group set a $18.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research report on Tuesday, November 28th. Stifel Nicolaus lifted their price target on shares of Ferroglobe from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating and set a $20.00 price target (up from $16.00) on shares of Ferroglobe in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research raised shares of Ferroglobe from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.25.
Shares of Ferroglobe PLC (NASDAQ GSM) opened at $14.22 on Tuesday. The stock has a market cap of $2,440.00, a P/E ratio of -9.94 and a beta of 1.54. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $17.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.09 and a current ratio of 1.80.
Ferroglobe (NASDAQ:GSM) last posted its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $451.60 million for the quarter, compared to analyst estimates of $435.15 million. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. sell-side 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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