On August 26, 2023, it was reported that Barrow Hanley Mewhinney & Strauss LLC had increased its holdings in Ferroglobe PLC (NASDAQ:GSM) by 42.2% during the first quarter. According to the company’s most recent 13F filing with the Securities & Exchange Commission, the institutional investor now owns a total of 4,554,727 shares of Ferroglobe’s stock, after purchasing an additional 1,352,613 shares during the period. This increase in ownership represents a significant boost in Barrow Hanley Mewhinney & Strauss LLC’s stake in Ferroglobe.
At present, Barrow Hanley Mewhinney & Strauss LLC owns approximately 2.43% of Ferroglobe which translates to a value of $22,500,000 as recorded in its most recent filing with the Securities & Exchange Commission. This information sheds light on Barrow Hanley Mewhinney & Strauss LLC’s longstanding commitment and interest in Ferroglobe as they continue to amass shares of the basic materials company.
Investors and market enthusiasts interested in tracking hedge fund activity can find further insight by visiting HoldingsChannel.com. The website provides up-to-date information on various hedge funds’ holdings and insider trades for different companies such as Ferroglobe PLC (NASDAQ:GSM). By accessing this platform, individuals can gather valuable data that may help inform their investment decisions.
It is important to note that while these filings offer valuable information regarding market trends and investor behavior, they are always subject to change as new filings come through. Therefore, investors should remain vigilant and consider additional factors before making any investment choices based solely on these reports.
Overall, Barrow Hanley Mewhinney & Strauss LLC’s increased holdings in Ferroglobe signify their continued confidence in the company’s prospects within the basic materials sector. As economic conditions evolve and new developments emerge, it will be intriguing to observe how these investment strategies unfold and influence Ferroglobe’s performance in the future.
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Institutional Investors and Hedge Funds Show Growing Confidence in Ferroglobe PLC
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”GSM” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Ferroglobe PLC, a prominent player in the silicon and specialty metals industry, has caught the attention of institutional investors and hedge funds. Recent reports indicate that several entities have made significant modifications to their holdings of the company’s stock.
One such example is Royal Bank of Canada, which increased its stake in Ferroglobe by an astonishing 44,350.0% during the third quarter. This move has resulted in Royal Bank of Canada now owning 5,334 shares of Ferroglobe’s stock, valued at $28,000. The bank further strengthened its position by purchasing an additional 5,322 shares in the last quarter. Verition Fund Management LLC also saw potential in Ferroglobe and purchased a new stake worth approximately $39,000 during the fourth quarter.
HighTower Advisors LLC and CI Private Wealth LLC joined the list of investors acquiring positions in Ferroglobe during the fourth quarter as well. HighTower Advisors LLC acquired a new position worth around $44,000 while CI Private Wealth LLC invested approximately $46,000.
Tower Research Capital LLC TRC took an even more enthusiastic approach by boosting its holdings in Ferroglobe by a staggering 2,066.0% during the third quarter. As a result, Tower Research Capital LLC TRC now owns 9,097 shares of Ferroglobe’s stock valued at $48,000 after purchasing an additional 8,677 shares over the past quarter.
With hedge funds and other institutional investors currently holding 44.48% of Ferroglobe’s stock ownership, it is evident that there is growing confidence in the company’s future prospects within this sector.
In addition to these developments surrounding institutional investments and hedge fund interest in Ferroglobe PLC, StockNews.com started coverage on the company with a “buy” rating on Thursday, August 17th. This endorsement further adds to the intrigue surrounding Ferroglobe and reinforces positive sentiment among investors.
As of August 26, 2023, Ferroglobe stock was trading at $5.58, recording an increase of $0.07 on Friday. A total of 474,265 shares were exchanged during this session, compared to the average volume of 1,176,922 shares traded. The company currently boasts a market capitalization of $1.05 billion and possesses a price-to-earnings ratio of 5.92 with a beta of 2.23.
Moreover, Ferroglobe PLC demonstrates promising stability as it maintains a 50-day moving average price of $5.07 and a 200-day moving average price of $4.75.
Ferroglobe’s operational presence extends across the United States, Europe, and various international markets within the silicon and specialty metals industry. The company offers silicone chemicals that find application in diverse sectors such as personal care products, construction-related items, healthcare goods, and electronics.
Furthermore, Ferroglobe provides silicon metal used by both primary and secondary aluminum producers while also supplying silicomanganese – an indispensable deoxidizing agent utilized in steel manufacturing processes. Additionally, ferromanganese plays a crucial role in removing nitrogen and other harmful elements from steel as it acts as a deoxidizing, desulphurizing, and degassing agent.
In conclusion, Ferroglobe PLC’s recent surge in interest from institutional investors and hedge funds reflects growing confidence in its future prospects within the silicon and specialty metals industry. With positive coverage from StockNews.com further endorsing their potential growth trajectory with a “buy” rating, observers eagerly await more developments surrounding this dynamic company.
