Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 16.8% during the 4th quarter, Holdings Channel reports. The firm owned 118,602 shares of the company’s stock after acquiring an additional 17,035 shares during the quarter. CIBC Asset Management Inc’s holdings in Algoma Steel Group were worth $1,159,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ASTL. Wexford Capital LP acquired a new stake in Algoma Steel Group in the third quarter valued at $107,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Algoma Steel Group by 13.3% during the third 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. XTX Topco Ltd boosted its stake in shares of Algoma Steel Group by 132.8% during the third quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock valued at $250,000 after acquiring an additional 13,937 shares during the last quarter. Barclays PLC boosted its stake in shares of Algoma Steel Group by 147.1% during the third quarter. Barclays PLC now owns 25,711 shares of the company’s stock valued at $263,000 after acquiring an additional 15,305 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Algoma Steel Group by 831.9% during the third quarter. Quantbot Technologies LP now owns 28,375 shares of the company’s stock valued at $290,000 after acquiring an additional 25,330 shares during the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Down 2.8 %

ASTL opened at $7.57 on Friday. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The firm has a market cap of $793.97 million, a P/E ratio of -5.96 and a beta of 1.46. Algoma Steel Group Inc. has a 52 week low of $6.67 and a 52 week high of $12.14. The business’s fifty day simple moving average is $8.70 and its 200 day simple moving average is $9.69.

Algoma Steel Group 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.