On September 30, 2024, COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) executed a notable transaction involving Ferroglobe PLC, a UK-based company. The firm added 635,363 shares to its holdings, marking a 4.52% increase in its position. This acquisition brings the total number of shares held by the firm to 14,699,282, representing a 2.48% position in the firm's portfolio. The transaction was executed at a price of $4.64 per share, slightly above the current trading price of $4.515. This strategic move reflects the firm's confidence in Ferroglobe PLC's potential despite recent market challenges.
Profile of COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio)
COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) is a New York-based investment firm with a strong focus on value investing. The firm manages an equity portfolio valued at $3.1 billion, with significant holdings in companies such as Bath & Body Works Inc (BBWI, Financial) and Newell Brands Inc (NWL, Financial). The firm's investment philosophy centers around identifying undervalued opportunities in the market, leveraging its expertise to generate long-term returns. The firm's top sectors include Consumer Cyclical and Technology, indicating a diversified approach to portfolio management.
Overview of Ferroglobe PLC
Ferroglobe PLC, trading under the symbol GSM, is a prominent player in the Metals & Mining industry, specializing in silicon-based alloys and specialty metals. The company serves a diverse range of industries, including specialty chemicals and aluminum, with a market capitalization of $848.302 million. Ferroglobe PLC operates through various segments, including ferrosilicon and manganese-based alloys, and has a significant presence in North America, Europe, and South Africa. The company's business model is supported by its coal and quartz mining operations, which are integral to its production processes.
Financial Metrics and Valuation
Ferroglobe PLC is currently trading at $4.515, with a price-to-earnings (PE) ratio of 18.81, suggesting it is fairly valued according to GuruFocus metrics. The stock's GF Value is estimated at $4.60, resulting in a price to GF Value ratio of 0.98. Despite a year-to-date decline of 30.65% and a significant drop of 59.83% since its IPO, the company's [GF-Score](https://www.gurufocus.com/term/gf-score/GSM) of 72/100 indicates likely average performance. The balance sheet is robust, with a [Financial Strength](https://www.gurufocus.com/term/rank-balancesheet/GSM) rank of 7/10, reflecting a stable financial position.
Market and Industry Context
Operating within the Metals & Mining industry, Ferroglobe PLC's segments include ferrosilicon and manganese-based alloys. The company's [interest coverage](https://www.gurufocus.com/term/interest-coverage/GSM) ratio of 5.20 demonstrates its ability to meet interest obligations, a critical factor in maintaining financial health. The [Altman Z score](https://www.gurufocus.com/term/zscore/GSM) of 2.20 suggests moderate financial stability, while the [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/GSM) of 5/10 indicates average profitability. The company's [Piotroski F-Score](https://www.gurufocus.com/term/fscore/GSM) of 6 further supports its financial resilience.
Other Notable Investors
Ferroglobe PLC has attracted interest from several prominent investors. Barrow, Hanley, Mewhinney & Strauss holds the largest share percentage, indicating strong confidence in the company's prospects. Other notable investors include First Eagle Investment (Trades, Portfolio) and Donald Smith & Co, highlighting a broader interest in the stock within the investment community. This diverse investor base underscores the potential value seen in Ferroglobe PLC despite recent market volatility.
Transaction Analysis
The recent acquisition by COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) reflects a strategic decision to increase exposure to Ferroglobe PLC. This transaction, which increased the firm's position by 4.52%, suggests a belief in the company's long-term potential despite its current challenges. The addition of 635,363 shares at a trade price of $4.64 indicates a calculated move to capitalize on the stock's valuation. With a [Growth Rank](https://www.gurufocus.com/term/rank-growth/GSM) of 4/10 and a [Momentum Rank](https://www.gurufocus.com/term/rank-momentum/GSM) of 4/10, the firm's decision aligns with its value investing philosophy, aiming to leverage potential growth opportunities in the Metals & Mining sector.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
