Aperio Group LLC cut its position in ArcelorMittal (NYSE:MT) by 64.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167,703 shares of the basic materials company’s stock after selling 297,773 shares during the period. Aperio Group LLC’s holdings in ArcelorMittal were worth $3,812,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MT. Renaissance Technologies LLC boosted its stake in ArcelorMittal by 311.2% in the first quarter. Renaissance Technologies LLC now owns 4,760,754 shares of the basic materials company’s stock worth $39,755,000 after buying an additional 3,603,075 shares in the last quarter. Credit Suisse AG boosted its stake in ArcelorMittal by 2,724.4% in the first quarter. Credit Suisse AG now owns 4,540,212 shares of the basic materials company’s stock worth $37,910,000 after buying an additional 4,379,463 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ArcelorMittal by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,756,562 shares of the basic materials company’s stock worth $31,367,000 after buying an additional 97,928 shares in the last quarter. FMR LLC boosted its stake in ArcelorMittal by 2.3% in the first quarter. FMR LLC now owns 2,937,110 shares of the basic materials company’s stock worth $24,525,000 after buying an additional 67,100 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in ArcelorMittal by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 2,431,380 shares of the basic materials company’s stock worth $20,302,000 after buying an additional 495,836 shares in the last quarter. Institutional investors and hedge funds own 9.45% of the company’s stock.

Shares of ArcelorMittal (NYSE:MT) traded up 0.87% on Thursday, hitting $25.64. The company’s stock had a trading volume of 2,936,365 shares. The company has a market cap of $26.15 billion, a price-to-earnings ratio of 8.07 and a beta of 2.08. The stock’s 50 day moving average is $23.42 and its 200-day moving average is $24.04. ArcelorMittal has a 52 week low of $16.14 and a 52 week high of $28.11.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.55. ArcelorMittal had a net margin of 5.50% and a return on equity of 10.52%. The firm had revenue of $17.24 billion during the quarter, compared to analyst estimates of $16.88 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts anticipate that ArcelorMittal will post $3.01 earnings per share for the current year.

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A number of equities research analysts recently weighed in on MT shares. ValuEngine cut ArcelorMittal from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Macquarie raised ArcelorMittal from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 25th. Deutsche Bank AG raised ArcelorMittal from a “hold” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a research note on Wednesday, July 12th. BidaskClub raised ArcelorMittal from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $32.00 target price on shares of ArcelorMittal in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.72.

ArcelorMittal Company Profile

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

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Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

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