HighTower Advisors LLC raised its holdings in Ferroglobe PLC (NASDAQ:GSM) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,492 shares of the basic materials company’s stock after purchasing an additional 150 shares during the quarter. HighTower Advisors LLC’s holdings in Ferroglobe PLC were worth $498,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of Ferroglobe PLC by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 418,779 shares of the basic materials company’s stock valued at $4,326,000 after acquiring an additional 9,648 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Ferroglobe PLC by 34.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 172,823 shares of the basic materials company’s stock valued at $1,785,000 after acquiring an additional 44,692 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Ferroglobe PLC by 7.1% during the 1st quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock valued at $416,000 after acquiring an additional 2,664 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Ferroglobe PLC during the 1st quarter valued at $3,249,000. Finally, FMR LLC boosted its holdings in shares of Ferroglobe PLC by 53.2% during the 1st quarter. FMR LLC now owns 1,707,268 shares of the basic materials company’s stock valued at $17,636,000 after acquiring an additional 593,168 shares in the last quarter. 38.16% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe PLC (GSM) opened at 14.58 on Wednesday. The company’s 50-day moving average price is $13.49 and its 200 day moving average price is $11.71. The company’s market capitalization is $2.51 billion. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $15.09.

Several equities research analysts recently weighed in on GSM shares. BidaskClub raised Ferroglobe PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research raised Ferroglobe PLC from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $12.00 price objective on shares of Ferroglobe PLC in a report on Wednesday, July 19th. B. Riley reissued a “buy” rating and set a $16.00 price objective (up previously from $14.25) on shares of Ferroglobe PLC in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ferroglobe PLC presently has an average rating of “Buy” and an average target price of $15.60.

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

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