16,100 Shares in Ferroglobe PLC (GSM) Acquired by Laurion Capital Management LP
Laurion Capital Management LP bought a new position in Ferroglobe PLC (NASDAQ:GSM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,100 shares of the basic materials company’s stock, valued at approximately $166,000.
Other institutional investors have also modified their holdings of the company. Boston Partners boosted its position in shares of Ferroglobe PLC by 15.1% in the first quarter. Boston Partners now owns 4,002,844 shares of the basic materials company’s stock worth $41,349,000 after buying an additional 525,827 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Ferroglobe PLC by 1.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,810 shares of the basic materials company’s stock worth $194,000 after buying an additional 255 shares in the last quarter. Norges Bank acquired a new position in shares of Ferroglobe PLC during the fourth quarter worth about $10,596,000. FMR LLC boosted its position in shares of Ferroglobe PLC by 58.2% in the fourth quarter. FMR LLC now owns 1,114,100 shares of the basic materials company’s stock worth $12,066,000 after buying an additional 410,000 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Ferroglobe PLC by 17.8% in the fourth quarter. GSA Capital Partners LLP now owns 12,100 shares of the basic materials company’s stock worth $131,000 after buying an additional 1,830 shares in the last quarter. 40.32% of the stock is currently owned by hedge funds and other institutional investors.
Ferroglobe PLC (NASDAQ:GSM) traded down 1.181% during midday trading on Tuesday, hitting $10.455. The stock had a trading volume of 227,893 shares. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $12.53. The stock’s 50 day moving average price is $9.89 and its 200-day moving average price is $10.41. The company’s market cap is $1.80 billion.
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GSM has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 target price (down previously from $14.50) on shares of Ferroglobe PLC in a report on Saturday, March 11th. Zacks Investment Research cut shares of Ferroglobe PLC from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. TheStreet cut shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a report on Thursday, May 18th. ValuEngine raised shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, B. Riley reissued a “buy” rating and issued a $14.25 target price on shares of Ferroglobe PLC in a report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Ferroglobe PLC currently has an average rating of “Buy” and an average target price of $12.54.
About Ferroglobe PLC
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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