HAP Trading LLC acquired a new stake in Ferroglobe PLC (NASDAQ:GSM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 323,625 shares of the basic materials company’s stock, valued at approximately $4,259,000. HAP Trading LLC owned 0.19% of Ferroglobe PLC as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Boston Partners grew its holdings in Ferroglobe PLC by 8.3% during the second quarter. Boston Partners now owns 4,335,985 shares of the basic materials company’s stock worth $51,814,000 after acquiring an additional 333,141 shares during the period. Dimensional Fund Advisors LP boosted its position in Ferroglobe PLC by 16.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,139,899 shares of the basic materials company’s stock worth $49,471,000 after purchasing an additional 589,969 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Ferroglobe PLC by 15.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,222,024 shares of the basic materials company’s stock worth $27,493,000 after purchasing an additional 431,473 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in Ferroglobe PLC by 0.3% during the third quarter. Deprince Race & Zollo Inc. now owns 2,701,416 shares of the basic materials company’s stock worth $35,551,000 after purchasing an additional 7,563 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Ferroglobe PLC by 65.7% during the second quarter. Russell Investments Group Ltd. now owns 1,705,167 shares of the basic materials company’s stock worth $20,377,000 after purchasing an additional 676,104 shares in the last quarter. 38.39% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on GSM. Stifel Nicolaus raised their target price on Ferroglobe PLC from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded Ferroglobe PLC from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded Ferroglobe PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group LLC set a $17.00 price objective on Ferroglobe PLC and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, B. Riley reiterated a “buy” rating and set a $16.00 price objective on shares of Ferroglobe PLC in a research report on Sunday, September 3rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.75.

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Shares of Ferroglobe PLC (GSM) traded up $0.27 during midday trading on Friday, reaching $14.84. The company’s stock had a trading volume of 377,400 shares, compared to its average volume of 797,431. The company has a quick ratio of 1.42, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $16.48.

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.

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

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