Russell Investments Group Ltd. raised its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 65.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,705,167 shares of the basic materials company’s stock after buying an additional 676,104 shares during the period. Russell Investments Group Ltd.’s holdings in Ferroglobe PLC were worth $20,377,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GSM. Frontier Capital Management Co. LLC raised its stake in shares of Ferroglobe PLC by 9.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,192,298 shares of the basic materials company’s stock valued at $43,306,000 after buying an additional 358,583 shares during the period. Boston Partners raised its stake 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 valued at $41,349,000 after buying an additional 525,827 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ferroglobe PLC by 22.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,549,930 shares of the basic materials company’s stock valued at $36,671,000 after buying an additional 657,529 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Ferroglobe PLC by 1.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,902,999 shares of the basic materials company’s stock valued at $19,658,000 after buying an additional 30,153 shares during the period. Finally, FMR LLC raised its stake in shares of Ferroglobe PLC by 53.2% in the first quarter. FMR LLC now owns 1,707,268 shares of the basic materials company’s stock valued at $17,636,000 after buying an additional 593,168 shares during the period. 40.23% of the stock is currently owned by institutional investors.

Ferroglobe PLC (NASDAQ:GSM) traded down 0.63% during midday trading on Monday, reaching $12.67. The company had a trading volume of 397,129 shares. The company’s market capitalization is $2.18 billion. Ferroglobe PLC has a 52-week low of $7.67 and a 52-week high of $13.11. The company’s 50 day moving average is $11.93 and its 200-day moving average is $10.71.

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Several equities research analysts have recently commented on GSM shares. TheStreet lowered Ferroglobe PLC from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, July 12th. BidaskClub raised Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. ValuEngine raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $12.00 price target on shares of Ferroglobe PLC in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ferroglobe PLC currently has a consensus rating of “Buy” and a consensus target price of $13.04.

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

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