Ferroglobe PLC (NASDAQ:GSM) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Ferroglobe PLC (NASDAQ:GSM) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,700 shares of the basic materials company’s stock after selling 2,100 shares during the period. Alliancebernstein L.P. owned approximately 0.05% of Ferroglobe PLC worth $958,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. acquired a new position in Ferroglobe PLC during the first quarter valued at $3,547,000. American International Group Inc. increased its position in Ferroglobe PLC by 7.1% in the first quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock valued at $416,000 after buying an additional 2,664 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Ferroglobe PLC by 9.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,192,298 shares of the basic materials company’s stock valued at $43,306,000 after buying an additional 358,583 shares during the last quarter. Cipher Capital LP acquired a new position in Ferroglobe PLC during the first quarter valued at $174,000. Finally, Quantbot Technologies LP increased its position in Ferroglobe PLC by 148.9% in the first quarter. Quantbot Technologies LP now owns 27,054 shares of the basic materials company’s stock valued at $279,000 after buying an additional 16,184 shares during the last quarter. Institutional investors own 40.23% of the company’s stock.

Shares of Ferroglobe PLC (NASDAQ:GSM) opened at 12.84 on Friday. Ferroglobe PLC has a one year low of $7.67 and a one year high of $13.47. The stock’s market capitalization is $2.21 billion. The stock has a 50 day moving average of $12.46 and a 200-day moving average of $10.87.

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GSM has been the topic of several research reports. Jefferies Group LLC restated a “buy” rating and set a $12.00 price objective on shares of Ferroglobe PLC in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday, July 12th. BidaskClub downgraded shares of Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. B. Riley restated a “buy” rating and set a $14.25 price target on shares of Ferroglobe PLC in a research report on Sunday, May 28th. Finally, TheStreet lowered shares of Ferroglobe PLC from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.04.

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.

Institutional Ownership by Quarter for Ferroglobe PLC (NASDAQ:GSM)

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