Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) by 147.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,711 shares of the company’s stock after purchasing an additional 15,305 shares during the period. Barclays PLC’s holdings in Algoma Steel Group were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASTL. The Manufacturers Life Insurance Company boosted its holdings in Algoma Steel Group by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 81,305 shares of the company’s stock worth $563,000 after buying an additional 1,621 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Algoma Steel Group by 13.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock valued at $217,000 after acquiring an additional 2,481 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Algoma Steel Group by 1.7% during the 2nd quarter. Bank of Montreal Can now owns 364,422 shares of the company’s stock worth $2,536,000 after acquiring an additional 6,154 shares in the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Algoma Steel Group by 7.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 92,646 shares of the company’s stock worth $948,000 after acquiring an additional 6,803 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Algoma Steel Group by 23.5% during the third quarter. GSA Capital Partners LLP now owns 44,757 shares of the company’s stock worth $458,000 after purchasing an additional 8,502 shares during the period. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Trading Up 0.8 %

Shares of NASDAQ ASTL opened at $8.32 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. Algoma Steel Group Inc. has a 12 month low of $6.67 and a 12 month high of $12.14. The company has a market cap of $872.44 million, a price-to-earnings ratio of -6.55 and a beta of 1.49. The business has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $9.72.

Algoma Steel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 27th. Algoma Steel Group’s dividend payout ratio is presently -15.75%.

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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