New York State Common Retirement Fund reduced its position in Ferroglobe PLC (NASDAQ:GSM) by 25.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 444,818 shares of the basic materials company’s stock after selling 151,626 shares during the period. New York State Common Retirement Fund owned 0.26% of Ferroglobe PLC worth $5,316,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Ferroglobe PLC by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 418,779 shares of the basic materials company’s stock valued at $4,326,000 after acquiring an additional 9,648 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Ferroglobe PLC by 34.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 172,823 shares of the basic materials company’s stock worth $1,785,000 after buying an additional 44,692 shares in the last quarter. American International Group Inc. raised its stake in shares of Ferroglobe PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock worth $416,000 after buying an additional 2,664 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Ferroglobe PLC during the 1st quarter worth approximately $3,249,000. Finally, FMR LLC raised its stake in shares of Ferroglobe PLC by 53.2% during the 1st quarter. FMR LLC now owns 1,707,268 shares of the basic materials company’s stock worth $17,636,000 after buying an additional 593,168 shares in the last quarter. 38.16% of the stock is owned by institutional investors and hedge funds.

Ferroglobe PLC (GSM) opened at 14.17 on Monday. Ferroglobe PLC has a 52 week low of $8.54 and a 52 week high of $15.09. The firm’s 50 day moving average price is $13.49 and its 200-day moving average price is $11.71. The stock’s market cap is $2.44 billion.

A number of brokerages have recently issued reports on GSM. B. Riley reissued a “buy” rating and set a $16.00 target price on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. BidaskClub cut Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Ferroglobe PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group LLC set a $17.00 price target on Ferroglobe PLC and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Stifel Nicolaus set a $19.00 price target on Ferroglobe PLC and gave the stock a “buy” rating in a report on Friday, October 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ferroglobe PLC presently has an average rating of “Buy” and an average target price of $15.60.

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Ferroglobe PLC Company Profile

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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