Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Pembroke Management LTD

Pembroke Management LTD lowered its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 13.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,211,900 shares of the basic materials company’s stock after selling 190,100 shares during the period. Pembroke Management LTD owned approximately 0.71% of Ferroglobe worth $15,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners lifted its position in shares of Ferroglobe by 8.3% during the 2nd quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock worth $51,814,000 after purchasing an additional 333,141 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ferroglobe by 16.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock worth $49,471,000 after purchasing an additional 589,969 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Ferroglobe by 15.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock worth $27,493,000 after purchasing an additional 431,473 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Ferroglobe by 0.3% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 2,701,416 shares of the basic materials company’s stock worth $35,551,000 after purchasing an additional 7,563 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Ferroglobe by 65.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,705,167 shares of the basic materials company’s stock worth $20,377,000 after purchasing an additional 676,104 shares during the last quarter. Institutional investors and hedge funds own 36.61% of the company’s stock.

Shares of Ferroglobe PLC (NASDAQ:GSM) traded up $0.64 on Thursday, hitting $16.25. 784,401 shares of the company traded hands, compared to its average volume of 783,492. The company has a current ratio of 1.80, a quick ratio of 1.09 and a debt-to-equity ratio of 0.45. Ferroglobe PLC has a fifty-two week low of $8.54 and a fifty-two week high of $16.50.

Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The firm had revenue of $451.60 million during the quarter, compared to analyst estimates of $435.15 million. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. equities analysts predict that Ferroglobe PLC will post 0.13 EPS for the current year.

A number of research firms have commented on GSM. Zacks Investment Research lowered shares of Ferroglobe from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group restated a “buy” rating and issued a $16.75 price objective (down from $17.00) on shares of Ferroglobe in a research note on Thursday, August 31st. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Ferroglobe in a research note on Sunday, September 3rd. Finally, B. Riley restated a “buy” rating and set a $20.00 target price (up from $16.00) on shares of Ferroglobe in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Ferroglobe presently has an average rating of “Buy” and a consensus target price of $19.25.

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Ferroglobe 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.

Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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