Bank of Montreal Can boosted its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 25.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 81,302 shares of the basic materials company’s stock after acquiring an additional 16,694 shares during the quarter. Bank of Montreal Can’s holdings in Ferroglobe were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stevens Capital Management LP purchased a new position in shares of Ferroglobe during the 2nd quarter valued at about $118,000. Fox Run Management L.L.C. purchased a new position in shares of Ferroglobe during the 3rd quarter valued at about $114,000. Paloma Partners Management Co purchased a new position in shares of Ferroglobe during the 2nd quarter valued at about $161,000. Trellus Management Company LLC purchased a new position in shares of Ferroglobe during the 2nd quarter valued at about $163,000. Finally, Trexquant Investment LP raised its stake in shares of Ferroglobe by 568.3% during the 2nd quarter. Trexquant Investment LP now owns 77,610 shares of the basic materials company’s stock valued at $665,000 after buying an additional 65,997 shares during the last quarter. 42.96% of the stock is owned by institutional investors.

NASDAQ:GSM traded down $0.07 during trading hours on Friday, hitting $2.01. 1,562,765 shares of the stock were exchanged, compared to its average volume of 3,904,099. Ferroglobe PLC has a 52-week low of $1.77 and a 52-week high of $17.61. The company has a current ratio of 1.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.54. The firm has a market cap of $357.71 million, a P/E ratio of 15.46 and a beta of 1.53.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Ferroglobe from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Oppenheimer restated a “buy” rating on shares of Ferroglobe in a research note on Thursday, November 15th. Zacks Investment Research upgraded Ferroglobe from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. UBS Group lowered Ferroglobe from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 27th. Finally, B. Riley cut their price target on Ferroglobe from $14.50 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Ferroglobe presently has a consensus rating of “Hold” and a consensus target price of $10.20.

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Ferroglobe Profile

Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.

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Institutional Ownership by Quarter for Ferroglobe (NASDAQ:GSM)

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