5 Best UK Stocks to Buy Now

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In this article, we discuss 5 best UK stocks to buy now. If you want to see some more UK stocks, click 11 Best UK Stocks to Buy Now.

5. Ferroglobe PLC (NASDAQ:GSM)

Number of Hedge Fund Holders: 28

Ferroglobe PLC (NASDAQ:GSM) was incorporated in 2015 and is headquartered in London. The company offers ferroalloys, silicone chemicals, and specialty metals in the United States, Europe, and international markets. In 2021, Ferroglobe PLC (NASDAQ:GSM)’s revenue for the year came in at $1.7 billion, compared to $1.1 billion in the last year. 

On March 3, Ferroglobe PLC (NASDAQ:GSM) climbed 14.1% to a five-month high after the company announced adjusted Q4 earnings per share of $0.23, recovering from losses in the third quarter and the same quarter last year. The Q4 2021 revenue increased 33% from the previous quarter and 78% year-over-year to $569.8 million, owing to higher shipments and elevated prices across the company’s product line.

Seaport Global analyst Martin Englert initiated coverage of Ferroglobe PLC (NASDAQ:GSM) on February 14 with a Buy rating and a $16 price target. The “historic run” in silicon and ferroalloys prices should lead to significant improvement in Ferroglobe PLC (NASDAQ:GSM)’s 2022 EBITDA and free cash flow, the analyst told investors in a bullish thesis. 

According to the fourth quarter database of Insider Monkey, 28 hedge funds held long positions in Ferroglobe PLC (NASDAQ:GSM), up from 24 funds in the earlier quarter. The total stakes owned in Q4 amounted to $273.3 million. 

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