Nomura Holdings Inc. Purchases Shares of 1,015,237 Ferroglobe PLC (GSM)

Nomura Holdings Inc. purchased a new stake in shares of Ferroglobe PLC (NASDAQ:GSM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,015,237 shares of the basic materials company’s stock, valued at approximately $12,104,000. Nomura Holdings Inc. owned about 0.59% of Ferroglobe PLC as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in Ferroglobe PLC in the 1st quarter worth $100,000. Invictus RG bought a new position in Ferroglobe PLC in the 1st quarter worth $154,000. Budros Ruhlin & Roe Inc. raised its holdings in Ferroglobe PLC by 17.2% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 2,000 shares in the last quarter. Laurion Capital Management LP bought a new position in Ferroglobe PLC in the 1st quarter worth $166,000. Finally, American International Group Inc. raised its holdings in Ferroglobe PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 2,664 shares in the last quarter. Institutional investors own 38.17% of the company’s stock.

Ferroglobe PLC (NASDAQ:GSM) traded down 0.21% during mid-day trading on Tuesday, hitting $14.29. 177,427 shares of the stock were exchanged. Ferroglobe PLC has a 52-week low of $8.54 and a 52-week high of $15.09. The stock has a 50 day moving average of $13.41 and a 200-day moving average of $11.59. The stock’s market cap is $2.46 billion.

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Several research analysts have commented on GSM shares. BidaskClub upgraded shares of Ferroglobe PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $12.00 price objective on shares of Ferroglobe PLC in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating on shares of Ferroglobe PLC in a report on Sunday, September 3rd. Finally, B. Riley restated a “buy” rating and issued a $16.00 price objective (up from $14.25) on shares of Ferroglobe PLC in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.40.

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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