Ferroglobe PLC (GSM) Still Has Attractive Upside Potential?

Ferroglobe PLC (NASDAQ:GSM) is at least 62.59% than its current record low price of $1.47. There was a 1.7% gain on 01/17/2019 that led the price to move at $2.39. At recent session, the prices were hovering between $2.27 and $2.43. This company shares are 119.67% off its target price of $5.25 and the current market capitalization stands at $436.8M. The recent change has given its price a -25.41% deficit over SMA 50 and -86.26% deficit over its 52-week high. The stock witnessed 35.8% gains, -66.29% declines and -70.78% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GSM’s volatility during a week at 8.7% and during a month it has been found around 10.78%.

Ferroglobe PLC (GSM) Top Holders

Institutional investors currently hold around $177 million or 44.7% in GSM stock. Look at its top three institutional owners. Adage Capital Partners Gp, L.L.C. owns $24.94 million in Ferroglobe PLC, which represents roughly 5.71% of the company’s market cap and approximately 14.09% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 6,384,678 shares of the stock are valued at $15 million. The third largest holder is Barrow Hanley Mewhinney & Strauss Llc, which currently holds $14.25 million worth of this stock and that ownership represents nearly 3.26% of its market capitalization.

Ferroglobe PLC 13F Filings

At the end of September reporting period, 67 institutional holders increased their position in Ferroglobe PLC (NASDAQ:GSM) by some 10,151,679 shares, 57 decreased positions by 8,766,056 and 16 held positions by 56,461,244. That puts total institutional holdings at 75,378,979 shares, according to SEC filings. The stock grabbed 22 new institutional investments totaling 1,413,421 shares while 24 institutional investors sold out their entire positions totaling 1,918,572 shares.

Ferroglobe PLC (NASDAQ:GSM) Insider Trades

Multiple company employees have indulged in significant insider trading. Ferroglobe PLC disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Lavin Franklin has sold 3,266 shares of Ferroglobe PLC (GSM) in trading session dated Oct. 20, 2014. These shares are worth $56,143 and were traded at $17.19 each. The SEC filing shows that Kestenbaum Alan performed a sale of 50,000 shares. The Executive Chairman, 10% Owner disposed these shares by way of transaction on Sep. 17, 2014. The company’s shares were given away at $20.06 per share worth to an income of some $1,003,000 on account of Kestenbaum Alan.

Executive Chairman, 10% Owner, Kestenbaum Alan, sold 100,000 common shares of Ferroglobe PLC (GSM) in the open market. In a transaction dated Sep. 04, 2014, the shares were put up for sale at an average price of $20.32, raking in a sum of $2,032,000. After this sale, 9,439,112 common shares of GSM are directly owned by the insider, with total stake valued at $22,559,478.

In the transaction dated Jul. 29, 2014, the great number of shares disposed came courtesy the Executive Chairman, 10% Owner; Kestenbaum Alan disposed a total of 50,000 shares at an average price of $20.24, amounting to approximately $1,012,000. The insider now directly owns 9,539,112 shares worth $22,798,478.

Ferroglobe PLC (GSM) Analyst Guide

Several analysts have released their opinion on Ferroglobe PLC (NASDAQ:GSM), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation.