The Ferroglobe PLC (NASDAQ:GSM) Earning Very Favorable Media Coverage, Analysis Finds

Paterniano Del Favero
Agosto 13, 2017

Ferroglobe PLC earned a news sentiment score of 0.18 on Accern's scale.

Hedge funds have recently made changes to their positions in the stock. Frontier Capital Management Co LLC divested its ownership by shedding 38,362 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Norges Bank purchased a new position in shares of Ferroglobe PLC during the fourth quarter valued at approximately $10,596,000. Accern also assigned headlines about the basic materials company an impact score of 45.3066651895226 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. Boston Partners increased its position in shares of Ferroglobe PLC by 15.1% in the first quarter. LLC now owns 4,192,298 shares of the basic materials company's stock worth $43,306,000 after buying an additional 358,583 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Ferroglobe PLC by 617.7% in the first quarter. Boston Partners now owns 4,002,844 shares of the basic materials company's stock worth $41,349,000 after buying an additional 525,827 shares during the period. Massachusetts Financial Services Co. Finally, SG Capital Management LLC bought a new position in Ferroglobe PLC during the second quarter valued at about $7,693,000. Jennison Associates LLC now owns 1,110,609 shares of the mining company's stock valued at $53,298,000 after buying an additional 666,831 shares during the last quarter. ValuEngine upgraded shares of Ferroglobe PLC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 16th. Dimensional Fund Advisors LP now owns 3,549,930 shares of the basic materials company's stock valued at $36,671,000 after buying an additional 657,529 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

Ferroglobe PLC (NASDAQ:GSM) opened at 12.84 on Friday. 140,259 shares of the company's stock were exchanged. The value of the company's investment in Ferroglobe PLC - Ordinary Share increased from $6,676,000 to $7,356,000 increasing 10.2% quarter to quarter.

The company is now up by 2.09 percent from yesterday's close. The 50 day moving average was up by +8.61% and the 200 day average moved up $2.41.

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GSM has been the subject of a number of research analyst reports. Jefferies Group LLC restated a "buy" rating and set a $13.00 target price on shares of Ferroglobe PLC in a research report on Thursday, May 11th. TheStreet downgraded Ferroglobe PLC from a "c-" rating to a "d" rating in a report on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock.

On December 28 B. Riley & Co. maintained a company rating of "Buy" but lowered the price target to $17.25 from $19.50.

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. Its customers include silicone chemical, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, and concrete producers. It operates through two segments: Electrometallurgy and Energy.

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