9,307 Shares in ArcelorMittal S.A. (NYSE:MT) Acquired by Atria Investments Inc

Atria Investments Inc purchased a new position in shares of ArcelorMittal S.A. (NYSE:MT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,307 shares of the basic materials company’s stock, valued at approximately $244,000.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of ArcelorMittal by 1,820.0% during the 2nd quarter. Blue Trust Inc. now owns 2,016 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,911 shares during the last quarter. Mather Group LLC. raised its holdings in shares of ArcelorMittal by 1,388.6% in the 2nd quarter. Mather Group LLC. now owns 2,218 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 2,069 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of ArcelorMittal by 298.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,365 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 1,771 shares in the last quarter. CWM LLC grew its holdings in shares of ArcelorMittal by 378.2% during the 2nd quarter. CWM LLC now owns 4,930 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 3,899 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in ArcelorMittal during the 2nd quarter worth approximately $156,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $31.00 in a research note on Wednesday, August 28th. Barclays raised ArcelorMittal from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th. Bank of America upgraded ArcelorMittal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $32.90 in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered ArcelorMittal from an “overweight” rating to a “neutral” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.17.

ArcelorMittal Stock Down 0.7 %

Shares of ArcelorMittal stock opened at $25.11 on Friday. ArcelorMittal S.A. has a 1-year low of $20.52 and a 1-year high of $29.01. The company has a market capitalization of $20.22 billion, a PE ratio of -17.81, a P/E/G ratio of 0.61 and a beta of 1.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.59. The business has a 50-day moving average of $24.77 and a 200-day moving average of $24.02.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. The firm had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same quarter last year, the firm earned $1.10 EPS. ArcelorMittal’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities analysts forecast that ArcelorMittal S.A. will post 2.99 EPS for the current fiscal year.

ArcelorMittal Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.