Separately, TheStreet lowered Ferroglobe from a “b-” rating to a “c+” rating in a report on Wednesday, November 8th.
Ferroglobe Stock Performance
Institutional Investors Weigh In On Ferroglobe
Hedge funds have recently added to or reduced their stakes in the business. Trivant Custom Portfolio Group LLC bought a new stake in shares of Ferroglobe in the first quarter valued at $25,000. Royal Bank of Canada grew its position in Ferroglobe by 44,350.0% during the third quarter. Royal Bank of Canada now owns 5,334 shares of the basic materials company’s stock worth $28,000 after buying an additional 5,322 shares in the last quarter. Osaic Holdings Inc. grew its position in Ferroglobe by 38.1% during the second quarter. Osaic Holdings Inc. now owns 7,554 shares of the basic materials company’s stock worth $36,000 after buying an additional 2,083 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Ferroglobe in the 4th quarter worth about $39,000. Finally, HighTower Advisors LLC purchased a new position in shares of Ferroglobe in the 4th quarter worth about $44,000. 45.29% of the stock is currently owned by institutional investors.
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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