American Financial Group Inc. continued to hold its position in shares of ArcelorMittal SA (NYSE:MT) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 800,000 shares of the company’s stock at the end of the third quarter. American Financial Group Inc.’s holdings in ArcelorMittal SA were worth $4,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in ArcelorMittal SA by 70.0% in the second quarter. Fifth Third Bancorp now owns 21,760 shares of the company’s stock valued at $101,000 after buying an additional 8,960 shares in the last quarter. Rhumbline Advisers raised its stake in ArcelorMittal SA by 45.1% in the second quarter. Rhumbline Advisers now owns 22,952 shares of the company’s stock valued at $107,000 after buying an additional 7,133 shares in the last quarter. Baird Financial Group Inc. raised its stake in ArcelorMittal SA by 7.9% in the second quarter. Baird Financial Group Inc. now owns 19,609 shares of the company’s stock valued at $112,000 after buying an additional 1,440 shares in the last quarter. Eagle Asset Management Inc. raised its stake in ArcelorMittal SA by 71.3% in the second quarter. Eagle Asset Management Inc. now owns 24,632 shares of the company’s stock valued at $114,000 after buying an additional 10,250 shares in the last quarter. Finally, Advisor Partners LLC bought a new stake in ArcelorMittal SA during the third quarter valued at $115,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Institutional Ownership by Quarter for ArcelorMittal SA (NYSE:MT)

Shares of ArcelorMittal SA (NYSE:MT) traded down 1.19% on Tuesday, reaching $7.47. 30,272,126 shares of the company’s stock were exchanged. The firm’s market cap is $22.85 billion. ArcelorMittal SA has a one year low of $2.93 and a one year high of $7.69. The company has a 50 day moving average price of $6.79 and a 200 day moving average price of $5.89.

ArcelorMittal SA (NYSE:MT) last announced its earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $14.52 billion for the quarter, compared to analysts’ expectations of $15.59 million. ArcelorMittal SA had a positive return on equity of 4.14% and a negative net margin of 9.37%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. Analysts expect that ArcelorMittal SA will post $0.44 EPS for the current fiscal year.

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MT has been the subject of a number of recent research reports. Credit Suisse Group AG set a $10.00 price target on shares of ArcelorMittal SA and gave the company a “buy” rating in a research note on Saturday, October 1st. Citigroup Inc. restated a “buy” rating on shares of ArcelorMittal SA in a research note on Friday, October 7th. Cowen and Company upped their target price on shares of ArcelorMittal SA from $6.00 to $8.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 3rd. Vetr upgraded shares of ArcelorMittal SA from a “buy” rating to a “strong-buy” rating and set a $6.78 target price for the company in a research note on Tuesday, September 13th. Finally, Jefferies Group reiterated a “buy” rating on shares of ArcelorMittal SA in a research note on Friday, September 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.58.

ArcelorMittal SA Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.

5 Day Chart for NYSE:MT

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