Separately, TheStreet cut shares of Ferroglobe from a “b-” rating to a “c+” rating in a research report on Wednesday, November 8th.
Ferroglobe Trading Down 1.2 %
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Ferroglobe by 22.1% during the third quarter. Legal & General Group Plc now owns 77,098 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 13,939 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ferroglobe by 20.5% during the third quarter. Ameriprise Financial Inc. now owns 1,413,433 shares of the basic materials company’s stock worth $7,350,000 after purchasing an additional 240,762 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Ferroglobe during the third quarter worth $52,000. O Shaughnessy Asset Management LLC lifted its position in shares of Ferroglobe by 253.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 413,498 shares of the basic materials company’s stock worth $2,150,000 after purchasing an additional 296,662 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in shares of Ferroglobe during the third quarter worth $326,000. 45.29% of the stock is owned by institutional investors and hedge funds.
Ferroglobe Company Profile
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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