Invictus RG bought a new stake in Ferroglobe PLC (NASDAQ:GSM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,122 shares of the basic materials company’s stock, valued at approximately $146,000.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Ferroglobe by 10.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,659 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,011 shares during the last quarter. Legal & General Group Plc raised its position in Ferroglobe by 108.3% in the 3rd quarter. Legal & General Group Plc now owns 10,385 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 5,400 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its position in Ferroglobe by 17.2% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 2,000 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Ferroglobe by 30.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,912 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 3,725 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Ferroglobe by 77.1% in the 3rd quarter. Quantbot Technologies LP now owns 15,913 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 6,926 shares during the last quarter. Institutional investors own 36.61% of the company’s stock.

Shares of Ferroglobe PLC (GSM) opened at $16.73 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. Ferroglobe PLC has a fifty-two week low of $8.54 and a fifty-two week high of $16.75.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Monday, November 27th. The basic materials company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The firm had revenue of $451.60 million during the quarter, compared to analyst estimates of $435.15 million. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. research analysts expect that Ferroglobe PLC will post 0.13 earnings per share for the current fiscal year.

Several research firms recently weighed in on GSM. Zacks Investment Research cut shares of Ferroglobe from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and issued a $16.75 price objective (down previously from $17.00) on shares of Ferroglobe in a research report on Thursday, August 31st. ValuEngine cut shares of Ferroglobe from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Stifel Nicolaus restated a “buy” rating on shares of Ferroglobe in a research report on Sunday, September 3rd. Finally, B. Riley restated a “buy” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Ferroglobe in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $19.25.

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Ferroglobe 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 (NASDAQ:GSM)

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