Ferroglobe PLC (GSM) Stake Lessened by Barrow Hanley Mewhinney & Strauss LLC
Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in Ferroglobe PLC (NASDAQ:GSM) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,896,803 shares of the basic materials company’s stock after selling 254,740 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 4.01% of Ferroglobe worth $90,762,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Ferroglobe in the third quarter worth $526,000. Caxton Associates LP bought a new position in shares of Ferroglobe in the third quarter worth $151,000. Jane Street Group LLC grew its stake in shares of Ferroglobe by 104.6% in the third quarter. Jane Street Group LLC now owns 329,102 shares of the basic materials company’s stock worth $4,331,000 after purchasing an additional 168,228 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Ferroglobe in the third quarter worth $1,048,000. Finally, Invictus RG bought a new position in shares of Ferroglobe in the third quarter worth $146,000. 36.61% of the stock is owned by institutional investors.
Ferroglobe PLC (NASDAQ GSM) opened at $16.13 on Friday. Ferroglobe PLC has a 52 week low of $8.54 and a 52 week high of $17.61. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45.
Several research analysts recently weighed in on GSM shares. Zacks Investment Research cut Ferroglobe from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. B. Riley reaffirmed a “buy” rating and set a $16.00 target price on shares of Ferroglobe in a research note on Sunday, September 3rd. BidaskClub cut Ferroglobe from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group set a $18.00 target price on Ferroglobe and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Stifel Nicolaus set a $23.00 target price on Ferroglobe and gave the company a “buy” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Ferroglobe has a consensus rating of “Hold” and an average target price of $19.25.
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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