Van ECK Associates Corp Buys 3,944 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

Van ECK Associates Corp increased its stake in Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,555 shares of the company’s stock after purchasing an additional 3,944 shares during the period. Van ECK Associates Corp owned 0.10% of Algoma Steel Group worth $1,013,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wexford Capital LP bought a new position in Algoma Steel Group in the 3rd quarter worth approximately $107,000. DekaBank Deutsche Girozentrale raised its position in Algoma Steel Group by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock worth $217,000 after purchasing an additional 2,481 shares during the last quarter. XTX Topco Ltd raised its position in Algoma Steel Group by 132.8% in the 3rd quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock worth $250,000 after purchasing an additional 13,937 shares during the last quarter. Barclays PLC raised its position in Algoma Steel Group by 147.1% in the 3rd quarter. Barclays PLC now owns 25,711 shares of the company’s stock worth $263,000 after purchasing an additional 15,305 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Algoma Steel Group by 831.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,375 shares of the company’s stock worth $290,000 after purchasing an additional 25,330 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Stock Performance

ASTL stock opened at $7.57 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The company has a 50 day moving average price of $8.75 and a 200 day moving average price of $9.71. Algoma Steel Group Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $12.14. The stock has a market capitalization of $793.94 million, a PE ratio of -5.96 and a beta of 1.46.

About Algoma Steel Group

(Free Report)

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.

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Institutional Ownership by Quarter for Algoma Steel Group (NASDAQ:ASTL)

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