Stifel Financial Corp lowered its position in Ferroglobe PLC (NASDAQ:GSM) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,471 shares of the basic materials company’s stock after selling 25,553 shares during the period. Stifel Financial Corp’s holdings in Ferroglobe were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp lifted its stake in Ferroglobe by 2.6% in the fourth quarter. Northern Trust Corp now owns 185,446 shares of the basic materials company’s stock worth $295,000 after purchasing an additional 4,642 shares during the last quarter. Trellus Management Company LLC lifted its stake in Ferroglobe by 20.1% in the fourth quarter. Trellus Management Company LLC now owns 33,000 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 5,527 shares during the last quarter. Virtu Financial LLC bought a new stake in Ferroglobe in the fourth quarter worth about $71,000. BlackRock Inc. lifted its stake in Ferroglobe by 29.8% in the third quarter. BlackRock Inc. now owns 248,410 shares of the basic materials company’s stock worth $2,030,000 after purchasing an additional 57,078 shares during the last quarter. Finally, Hosking Partners LLP lifted its stake in Ferroglobe by 11.3% in the fourth quarter. Hosking Partners LLP now owns 741,779 shares of the basic materials company’s stock worth $1,179,000 after purchasing an additional 75,129 shares during the last quarter. 38.99% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on GSM shares. Zacks Investment Research downgraded shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. BidaskClub raised shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. ValuEngine raised shares of Ferroglobe from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. B. Riley set a $4.00 price target on shares of Ferroglobe and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, Jefferies Financial Group downgraded shares of Ferroglobe from a “buy” rating to a “hold” rating and set a $2.70 price target for the company. in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.74.
Ferroglobe stock opened at $2.31 on Friday. The company has a market cap of $397.27 million, a PE ratio of 7.70 and a beta of 2.12. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.56. Ferroglobe PLC has a fifty-two week low of $1.47 and a fifty-two week high of $13.00.
Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Monday, February 25th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $603.50 million for the quarter, compared to analyst estimates of $486.22 million. Ferroglobe had a net margin of 3.94% and a return on equity of 5.59%. Ferroglobe’s revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. On average, sell-side analysts predict that Ferroglobe PLC will post -0.22 EPS for the current year.
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Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
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