Terril Brothers Inc. Takes $214,000 Position in Algoma Steel Group Inc. (NASDAQ:ASTL)

Terril Brothers Inc. purchased a new stake in Algoma Steel Group Inc. (NASDAQ:ASTL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,900 shares of the company’s stock, valued at approximately $214,000.

Other large investors also recently made changes to their positions in the company. Wexford Capital LP acquired a new position in shares of Algoma Steel Group in the 3rd quarter valued at $107,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Algoma Steel Group by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock valued at $217,000 after purchasing an additional 2,481 shares during the period. XTX Topco Ltd lifted its stake in shares of Algoma Steel Group by 132.8% in the 3rd quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock valued at $250,000 after purchasing an additional 13,937 shares during the period. Barclays PLC lifted its stake in shares of Algoma Steel Group by 147.1% in the 3rd quarter. Barclays PLC now owns 25,711 shares of the company’s stock valued at $263,000 after purchasing an additional 15,305 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of Algoma Steel Group by 831.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,375 shares of the company’s stock valued at $290,000 after purchasing an additional 25,330 shares during the period. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Performance

ASTL stock opened at $7.34 on Friday. The company has a market cap of $769.85 million, a P/E ratio of -5.78 and a beta of 1.46. Algoma Steel Group Inc. has a twelve month low of $6.67 and a twelve month high of $12.14. 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 business’s fifty day moving average is $8.47 and its 200-day moving average is $9.63.

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.