Balter Liquid Alternatives LLC decreased its stake in shares of Ferro Co. (NYSE:FOE) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 98,463 shares of the specialty chemicals company’s stock after selling 14,451 shares during the period. Ferro accounts for 2.3% of Balter Liquid Alternatives LLC’s portfolio, making the stock its 10th largest position. Balter Liquid Alternatives LLC’s holdings in Ferro were worth $2,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FOE. JPMorgan Chase & Co. increased its stake in Ferro by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,581,662 shares of the specialty chemicals company’s stock worth $35,112,000 after acquiring an additional 69,335 shares during the last quarter. Insight Capital Research & Management Inc. bought a new position in Ferro in the 3rd quarter worth about $1,438,000. Algert Global LLC bought a new position in Ferro in the 3rd quarter worth about $2,233,000. Wasatch Advisors Inc. increased its stake in Ferro by 16.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 133,648 shares of the specialty chemicals company’s stock worth $2,980,000 after acquiring an additional 18,648 shares during the last quarter. Finally, Copper Rock Capital Partners LLC increased its stake in Ferro by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 1,529,897 shares of the specialty chemicals company’s stock worth $36,044,000 after acquiring an additional 53,066 shares during the last quarter. 97.68% of the stock is currently owned by institutional investors and hedge funds.

Ferro Co. (NYSE:FOE) opened at $20.92 on Friday. The firm has a market capitalization of $1,748.42, a PE ratio of 39.47 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94. Ferro Co. has a one year low of $13.56 and a one year high of $25.50.

A number of equities analysts have weighed in on the company. ValuEngine upgraded Ferro from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Ferro from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, KeyCorp restated an “overweight” rating on shares of Ferro in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $23.80.

In other news, CEO Peter T. Thomas sold 22,182 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $22.83, for a total transaction of $506,415.06. Following the transaction, the chief executive officer now directly owns 374,158 shares in the company, valued at approximately $8,542,027.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Barna sold 12,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $23.37, for a total value of $280,440.00. Following the transaction, the insider now owns 8,428 shares in the company, valued at $196,962.36. The disclosure for this sale can be found here. Insiders sold a total of 165,428 shares of company stock worth $3,903,312 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

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Ferro Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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