Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Algoma Steel Group Inc. (NASDAQ:ASTL) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,807 shares of the company’s stock after selling 7,500 shares during the quarter. Swiss National Bank’s holdings in Algoma Steel Group were worth $1,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ASTL. Russell Investments Group Ltd. raised its position in Algoma Steel Group by 93.5% during the fourth quarter. Russell Investments Group Ltd. now owns 251,132 shares of the company’s stock valued at $2,527,000 after acquiring an additional 121,323 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Algoma Steel Group by 25.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,623,479 shares of the company’s stock valued at $96,523,000 after purchasing an additional 1,959,530 shares in the last quarter. McAdam LLC acquired a new position in shares of Algoma Steel Group in the 4th quarter valued at $161,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Algoma Steel Group in the 4th quarter valued at $19,461,000. Finally, Van ECK Associates Corp boosted its holdings in Algoma Steel Group by 35.4% during the fourth quarter. Van ECK Associates Corp now owns 123,721 shares of the company’s stock worth $1,241,000 after buying an additional 32,352 shares in the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Up 0.8 %

ASTL opened at $7.91 on Friday. The company has a fifty day moving average of $7.98 and a two-hundred day moving average of $8.33. The stock has a market capitalization of $823.59 million, a price-to-earnings ratio of 79.10 and a beta of 1.54. Algoma Steel Group Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $10.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 2.88.

Algoma Steel Group Company Profile

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.