Ferro Co. (FOE) Position Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Ferro Co. (NYSE:FOE) by 42.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,216,520 shares of the specialty chemicals company’s stock after buying an additional 655,644 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Ferro were worth $51,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOE. MetLife Investment Advisors LLC boosted its holdings in Ferro by 7.6% in the 2nd quarter. MetLife Investment Advisors LLC now owns 38,898 shares of the specialty chemicals company’s stock valued at $811,000 after purchasing an additional 2,753 shares during the period. Rhumbline Advisers boosted its holdings in Ferro by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 81,371 shares of the specialty chemicals company’s stock valued at $1,697,000 after purchasing an additional 3,134 shares during the period. Sei Investments Co. boosted its holdings in Ferro by 4.6% in the 2nd quarter. Sei Investments Co. now owns 77,436 shares of the specialty chemicals company’s stock valued at $1,615,000 after purchasing an additional 3,423 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Ferro by 4.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 94,842 shares of the specialty chemicals company’s stock valued at $2,202,000 after purchasing an additional 4,021 shares during the period. Finally, UBS Group AG boosted its holdings in Ferro by 46.0% in the 1st quarter. UBS Group AG now owns 16,846 shares of the specialty chemicals company’s stock valued at $391,000 after purchasing an additional 5,309 shares during the period. 96.33% of the stock is owned by institutional investors and hedge funds.

Shares of Ferro stock opened at $18.39 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 2.12. Ferro Co. has a fifty-two week low of $15.59 and a fifty-two week high of $25.50. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.68 and a beta of 1.70.

A number of brokerages have weighed in on FOE. Zacks Investment Research raised shares of Ferro from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Gabelli reissued a “buy” rating on shares of Ferro in a report on Friday, July 27th. Finally, ValuEngine downgraded shares of Ferro from a “hold” rating to a “sell” rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.00.

About Ferro

Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; 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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