GSA Capital Partners LLP bought a new stake in Ferro Co. (NYSE:FOE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,169 shares of the specialty chemicals company’s stock, valued at approximately $275,000.

Other large investors have also recently modified their holdings of the company. Engineers Gate Manager LP bought a new stake in Ferro in the second quarter valued at approximately $304,000. Envestnet Asset Management Inc. increased its position in shares of Ferro by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 50,262 shares of the specialty chemicals company’s stock worth $623,000 after acquiring an additional 1,914 shares in the last quarter. PDT Partners LLC increased its position in shares of Ferro by 35.4% during the second quarter. PDT Partners LLC now owns 91,814 shares of the specialty chemicals company’s stock worth $1,096,000 after acquiring an additional 24,014 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ferro by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,805 shares of the specialty chemicals company’s stock worth $159,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Ferro by 13.0% during the second quarter. Bank of America Corp DE now owns 647,788 shares of the specialty chemicals company’s stock worth $7,735,000 after acquiring an additional 74,697 shares in the last quarter.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Ferro from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Zacks Investment Research downgraded shares of Ferro from a “buy” rating to a “hold” rating in a research report on Wednesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ferro from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.

Shares of FOE opened at $13.96 on Friday. Ferro Co. has a 12 month low of $7.52 and a 12 month high of $15.67. The firm has a fifty day simple moving average of $13.42 and a 200 day simple moving average of $12.41. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -232.63, a PEG ratio of 2.19 and a beta of 1.73. The company has a current ratio of 2.47, a quick ratio of 1.63 and a debt-to-equity ratio of 2.25.

Ferro (NYSE:FOE) last announced its earnings results on Wednesday, November 4th. The specialty chemicals company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Ferro had a negative net margin of 0.66% and a positive return on equity of 16.72%. The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $226.78 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was down 33.9% on a year-over-year basis. As a group, research analysts predict that Ferro Co. will post 0.74 earnings per share for the current fiscal year.

About Ferro

Ferro Corporation produces and markets specialty materials in the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through two segments, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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