Stifel Financial Corp lowered its position in Ferroglobe PLC (NASDAQ:GSM) by 32.4% during the first quarter, Holdings Channel reports. The institutional investor owned 109,383 shares of the basic materials company’s stock after selling 52,479 shares during the period. Stifel Financial Corp’s holdings in Ferroglobe PLC were worth $1,127,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Independent Portfolio Consultants Inc. increased its position in 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 during the last quarter. Suntrust Banks Inc. increased its position in Ferroglobe PLC by 4.8% in the first quarter. Suntrust Banks Inc. now owns 27,693 shares of the basic materials company’s stock worth $285,000 after buying an additional 1,261 shares during the last quarter. GSA Capital Partners LLP increased its position in 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 during the last quarter. First Mercantile Trust Co. increased its position in Ferroglobe PLC by 7.6% in the first quarter. First Mercantile Trust Co. now owns 53,187 shares of the basic materials company’s stock worth $549,000 after buying an additional 3,751 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Ferroglobe PLC by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 418,779 shares of the basic materials company’s stock worth $4,326,000 after buying an additional 9,648 shares during the last quarter. 40.32% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ferroglobe PLC (NASDAQ:GSM)

Ferroglobe PLC (NASDAQ:GSM) opened at 10.58 on Tuesday. The company’s market capitalization is $1.82 billion. 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 is $9.89 and its 200 day moving average is $10.41.

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A number of research analysts have issued reports on GSM shares. Zacks Investment Research upgraded shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 price target (down from $14.50) on shares of Ferroglobe PLC in a research report on Saturday, March 11th. ValuEngine upgraded shares of Ferroglobe PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. TheStreet downgraded shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Finally, B. Riley reiterated a “buy” rating and issued a $14.25 price target on shares of Ferroglobe PLC in a research report on Sunday, May 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Ferroglobe PLC has an average rating of “Buy” and a consensus 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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