Algoma Steel Group Inc. (NASDAQ:ASTL) Stock Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 47.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,329 shares of the company’s stock after purchasing an additional 6,236 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Algoma Steel Group were worth $194,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ASTL. CIBC Asset Management Inc lifted its position in Algoma Steel Group by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 87,585 shares of the company’s stock valued at $596,000 after purchasing an additional 1,939 shares during the last quarter. Meixler Investment Management Ltd. bought a new stake in Algoma Steel Group in the 3rd quarter valued at about $83,000. Jump Financial LLC bought a new stake in Algoma Steel Group in the 3rd quarter valued at about $455,000. Gamco Investors INC. ET AL lifted its position in Algoma Steel Group by 3.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 64,325 shares of the company’s stock valued at $437,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Algoma Steel Group in the 3rd quarter valued at about $73,000. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Stock Up 1.0 %

ASTL stock opened at $7.84 on Wednesday. Algoma Steel Group Inc. has a 52 week low of $6.34 and a 52 week high of $10.25. The company has a market capitalization of $816.14 million, a price-to-earnings ratio of 78.40 and a beta of 1.54. The firm’s 50-day moving average is $7.98 and its two-hundred day moving average is $8.26. The company has a current ratio of 2.88, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.

Algoma Steel Group (NASDAQ:ASTL) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.57) EPS for the quarter. Algoma Steel Group had a return on equity of 3.84% and a net margin of 2.05%. The company had revenue of $452.07 million for the quarter, compared to the consensus estimate of $453.22 million. On average, analysts forecast that Algoma Steel Group Inc. will post 0.77 earnings per share for the current fiscal year.

About Algoma Steel Group

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.