Ferroglobe PLC (NASDAQ:GSM) Position Lifted by Old West Investment Management LLC

Old West Investment Management LLC increased its holdings in shares of Ferroglobe PLC (NASDAQ:GSM - Free Report) by 233.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,758,501 shares of the basic materials company's stock after purchasing an additional 2,631,024 shares during the quarter. Ferroglobe accounts for approximately 6.3% of Old West Investment Management LLC's portfolio, making the stock its 2nd biggest position. Old West Investment Management LLC owned about 2.01% of Ferroglobe worth $17,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hosking Partners LLP lifted its stake in Ferroglobe by 48.7% during the second quarter. Hosking Partners LLP now owns 9,108,922 shares of the basic materials company's stock worth $48,824,000 after purchasing an additional 2,981,907 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Ferroglobe by 15.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,621,112 shares of the basic materials company's stock worth $40,849,000 after acquiring an additional 1,003,918 shares in the last quarter. Masters Capital Management LLC boosted its holdings in Ferroglobe by 37.0% during the 1st quarter. Masters Capital Management LLC now owns 3,150,000 shares of the basic materials company's stock valued at $15,687,000 after acquiring an additional 850,000 shares during the period. Thomist Capital Management LP grew its position in Ferroglobe by 159.3% in the 2nd quarter. Thomist Capital Management LP now owns 3,133,022 shares of the basic materials company's stock valued at $18,031,000 after acquiring an additional 1,924,879 shares in the last quarter. Finally, Tyro Capital Management LLC increased its stake in Ferroglobe by 79.4% during the first quarter. Tyro Capital Management LLC now owns 1,992,274 shares of the basic materials company's stock worth $9,922,000 after purchasing an additional 881,976 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

Ferroglobe Stock Up 9.9 %

Shares of NASDAQ:GSM traded up $0.42 during trading hours on Wednesday, reaching $4.68. The stock had a trading volume of 3,311,438 shares, compared to its average volume of 1,357,673. The stock has a market capitalization of $877.17 million, a price-to-earnings ratio of 12.17 and a beta of 1.88. The firm's 50 day moving average is $4.37 and its 200-day moving average is $5.02. Ferroglobe PLC has a 1 year low of $4.07 and a 1 year high of $6.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63.

Ferroglobe (NASDAQ:GSM - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $451.05 million during the quarter, compared to the consensus estimate of $425.55 million. Ferroglobe had a return on equity of 11.27% and a net margin of 4.11%. During the same period in the previous year, the business earned $0.30 EPS. Research analysts predict that Ferroglobe PLC will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ferroglobe from a "hold" rating to a "buy" rating in a report on Wednesday, August 7th.

Ferroglobe Profile

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys 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; and silicon metal for primary and secondary aluminum producers.