Dimensional Fund Advisors LP boosted its position in Ferroglobe PLC (NASDAQ:GSM) by 17.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,892,401 shares of the company’s stock after buying an additional 438,379 shares during the period. Dimensional Fund Advisors LP’s holdings in Ferroglobe PLC were worth $31,326,000 at the end of the most recent quarter.
Separately, State Street Corp boosted its position in shares of Ferroglobe PLC by 5.7% in the fourth quarter. State Street Corp now owns 1,134,153 shares of the company’s stock worth $12,282,000 after buying an additional 60,663 shares during the last quarter. 41.01% of the stock is currently owned by institutional investors.
Shares of Ferroglobe PLC (NASDAQ:GSM) opened at 10.33 on Friday. The firm’s market cap is $1.78 billion. The stock has a 50 day moving average price of $10.63 and a 200 day moving average price of $10.24. Ferroglobe PLC has a 52 week low of $7.67 and a 52 week high of $12.53.
A number of brokerages have issued reports on GSM. B. Riley reaffirmed a “buy” rating and issued a $14.25 target price on shares of Ferroglobe PLC in a report on Wednesday, March 22nd. Zacks Investment Research raised Ferroglobe PLC from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 target price (down previously from $14.50) on shares of Ferroglobe PLC in a report on Saturday, March 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.54.
Ferroglobe PLC Company 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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