Ferro Co. (NYSE:FOE) Shares Acquired by Pentwater Capital Management LP

Pentwater Capital Management LP increased its position in Ferro Co. (NYSE:FOEGet Rating) by 533.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,000 shares of the specialty chemicals company’s stock after acquiring an additional 320,000 shares during the period. Pentwater Capital Management LP owned approximately 0.46% of Ferro worth $8,295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Ferro by 0.6% during the 3rd quarter. Wellington Management Group LLP now owns 665,980 shares of the specialty chemicals company’s stock valued at $13,547,000 after buying an additional 4,222 shares during the period. Qube Research & Technologies Ltd increased its stake in Ferro by 325.3% during the 4th quarter. Qube Research & Technologies Ltd now owns 443,630 shares of the specialty chemicals company’s stock valued at $9,684,000 after buying an additional 339,322 shares during the period. Wilen Investment Management CORP. increased its stake in Ferro by 36.3% during the 3rd quarter. Wilen Investment Management CORP. now owns 154,868 shares of the specialty chemicals company’s stock valued at $3,136,000 after buying an additional 41,272 shares during the period. Alpine Associates Management Inc. increased its stake in Ferro by 2.6% during the 4th quarter. Alpine Associates Management Inc. now owns 2,335,200 shares of the specialty chemicals company’s stock valued at $50,977,000 after buying an additional 59,800 shares during the period. Finally, HighTower Advisors LLC increased its stake in Ferro by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 108,295 shares of the specialty chemicals company’s stock valued at $2,200,000 after buying an additional 2,729 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ferro from a “sell” rating to a “hold” rating in a research report on Tuesday, February 1st. StockNews.com initiated coverage on shares of Ferro in a research note on Friday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.33.

Shares of FOE traded up $0.06 during mid-day trading on Tuesday, hitting $22.01. The company’s stock had a trading volume of 73,691 shares, compared to its average volume of 689,209. The firm has a 50-day moving average price of $21.83 and a 200 day moving average price of $21.69. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.77 and a quick ratio of 0.91. Ferro Co. has a fifty-two week low of $16.63 and a fifty-two week high of $22.10.

Ferro (NYSE:FOEGet Rating) last released its earnings results on Tuesday, March 1st. The specialty chemicals company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $266.35 million for the quarter, compared to the consensus estimate of $277.12 million. Ferro had a net margin of 13.22% and a return on equity of 20.52%. As a group, equities analysts anticipate that Ferro Co. will post 1.35 EPS for the current fiscal year.

About Ferro (Get Rating)

Ferro Corporation produces and markets specialty materials in Europe, the Middle East, Africa, the Asia Pacific, and the Americas region. The company operates through two segments, Functional Coatings and Color Solutions. It offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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