Scheer Rowlett & Associates Investment Management Ltd. Has $21.32 Million Stock Position in Algoma Steel Group Inc. (NASDAQ:ASTL)

Scheer Rowlett & Associates Investment Management Ltd. grew its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,179,362 shares of the company’s stock after acquiring an additional 22,049 shares during the quarter. Algoma Steel Group accounts for about 1.6% of Scheer Rowlett & Associates Investment Management Ltd.’s holdings, making the stock its 23rd largest position. Scheer Rowlett & Associates Investment Management Ltd. owned 2.08% of Algoma Steel Group worth $21,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wexford Capital LP acquired a new position in Algoma Steel Group during the 3rd quarter worth $107,000. Terril Brothers Inc. bought a new position in shares of Algoma Steel Group in the 4th quarter valued at about $214,000. XTX Topco Ltd grew its position in shares of Algoma Steel Group by 132.8% during the 3rd quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock worth $250,000 after buying an additional 13,937 shares during the period. Barclays PLC raised 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 worth $263,000 after buying an additional 15,305 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Algoma Steel Group by 831.9% in the third quarter. Quantbot Technologies LP now owns 28,375 shares of the company’s stock valued at $290,000 after buying an additional 25,330 shares during the period. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Price Performance

Shares of ASTL stock opened at $6.38 on Friday. The firm’s 50 day moving average price is $8.16 and its two-hundred day moving average price is $9.53. The stock has a market cap of $669.16 million, a PE ratio of -5.02 and a beta of 1.47. Algoma Steel Group Inc. has a 52-week low of $6.37 and a 52-week high of $12.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31.

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.