Ferroglobe PLC (GSM) Lowered to Buy at BidaskClub

Xavier Trudeau
Août 13, 2017

FMR LLC now owns 1,707,268 shares of the basic materials company's stock worth $17,636,000 after buying an additional 593,168 shares during the period. Cooper Creek Partners Management LLC purchased a new position in shares of Ferroglobe PLC during the second quarter valued at approximately $4,989,000. Frontier Capital Management Co LLC divested its ownership by shedding 38,362 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Norges Bank purchased a new stake in Ferroglobe PLC during the fourth quarter valued at $10,596,000. Deprince Race & Zollo Inc. now owns 2,693,853 shares of the basic materials company's stock valued at $32,192,000 after buying an additional 2,350,450 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ferroglobe PLC by 16.6% in the second 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 last quarter. Russell Investments Group Ltd. raised its position in Ferroglobe PLC by 617.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,549,930 shares of the basic materials company's stock valued at $36,671,000 after buying an additional 657,529 shares during the period. Formula Growth Ltd. now owns 1,245,196 shares of the basic materials company's stock worth $12,863,000 after buying an additional 308,554 shares during the period. TheStreet downgraded Ferroglobe PLC from a "c-" rating to a "d" rating in a report on Thursday, May 18th. Hedge funds and other institutional investors own 40.23% of the company's stock.

Ferroglobe PLC (GSM) traded up 0.63% on Friday, reaching $12.84. The value of the company's investment in Ferroglobe PLC - Ordinary Share increased from $6,676,000 to $7,356,000 increasing 10.2% quarter to quarter.

The company is up by 2.09% since yesterday's close of $12.89. The 50 day moving average was up $0.68 whereas the 200 day moving average was up $2.17 or +20.06%.

TRADEMARK VIOLATION NOTICE: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law. The correct version of this piece can be accessed at https://rinconhillneighbors.org/2017/08/12/sg-capital-management-llc-acquires-new-position-in-ferroglobe-plc-nasdaqgsm-updated.html.

Several other analysts also recently issued reports on GSM. Finally, Barclays PLC set a $56.00 price target on shares of U.S. Silica Holdings and gave the stock a buy rating in a research report on Saturday, March 25th. Finally, Jefferies Group LLC reiterated a "buy" rating and set a $12.00 price objective on shares of Ferroglobe PLC in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Ferroglobe PLC from a sell rating to a hold rating in a research note on Wednesday, May 3rd. ValuEngine upgraded shares of Ferroglobe PLC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 16th. On August 25 the company was rated "Neutral" in a report from B. Riley down from the previous "Buy" rating. Ferroglobe PLC now has a consensus rating of "Buy" and a consensus target price of $13.04.

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 in two segments, Electrometallurgy and Energy.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL