Ferroglobe PLC (NASDAQ:GSM) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in Ferroglobe PLC (NASDAQ:GSM – Get Rating) by 200.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 689,716 shares of the basic materials company’s stock after purchasing an additional 460,388 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.37% of Ferroglobe worth $3,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC increased its stake in shares of Ferroglobe by 78.2% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 37,457 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 16,441 shares during the last quarter. Cannell & Co. increased its stake in shares of Ferroglobe by 7.2% during the 3rd quarter. Cannell & Co. now owns 4,696,380 shares of the basic materials company’s stock valued at $24,797,000 after acquiring an additional 317,275 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Ferroglobe during the 3rd quarter valued at about $415,000. Quantbot Technologies LP acquired a new position in shares of Ferroglobe during the 3rd quarter valued at about $332,000. Finally, Jump Financial LLC increased its stake in shares of Ferroglobe by 38.6% during the 3rd quarter. Jump Financial LLC now owns 174,800 shares of the basic materials company’s stock valued at $923,000 after acquiring an additional 48,700 shares during the last quarter. Institutional investors and hedge funds own 42.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GSM shares. B. Riley upped their price objective on shares of Ferroglobe from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, February 27th. StockNews.com cut Ferroglobe from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 17th. Finally, TheStreet upgraded Ferroglobe from a “c+” rating to a “b-” rating in a report on Tuesday, November 15th.

Ferroglobe Stock Up 0.4 %

Shares of NASDAQ:GSM opened at $5.30 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.90. Ferroglobe PLC has a 1 year low of $3.64 and a 1 year high of $9.81. The stock has a market capitalization of $992.74 million, a P/E ratio of 2.18 and a beta of 2.29. The stock has a 50-day simple moving average of $4.53 and a 200-day simple moving average of $5.19.

Ferroglobe Company Profile

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Ferroglobe PLC is a holding company, which engages in the production of silicon and specialty metals. Its products include silicon metal, manganese alloys, ferrosilicon, calcium silicon, and electrodes. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other.