Terril Brothers Inc. Boosts Stake in Algoma Steel Group Inc. $ASTL

Terril Brothers Inc. boosted its holdings in Algoma Steel Group Inc. (NASDAQ:ASTL) by 39.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,500 shares of the company’s stock after acquiring an additional 14,000 shares during the quarter. Terril Brothers Inc.’s holdings in Algoma Steel Group were worth $341,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ASTL. EJF Capital LLC purchased a new position in shares of Algoma Steel Group in the 1st quarter valued at about $60,000. Aigen Investment Management LP acquired a new position in Algoma Steel Group during the first quarter worth about $69,000. XTX Topco Ltd purchased a new position in Algoma Steel Group in the first quarter valued at about $181,000. Trexquant Investment LP acquired a new stake in shares of Algoma Steel Group during the 1st quarter valued at approximately $233,000. Finally, Quantbot Technologies LP boosted its stake in shares of Algoma Steel Group by 190.0% during the 1st quarter. Quantbot Technologies LP now owns 53,574 shares of the company’s stock worth $290,000 after acquiring an additional 35,102 shares in the last quarter. 72.00% of the stock is currently owned by hedge funds and other institutional investors.

Algoma Steel Group Price Performance

NASDAQ:ASTL opened at $3.99 on Friday. Algoma Steel Group Inc. has a 12-month low of $3.02 and a 12-month high of $12.14. The firm has a market cap of $418.67 million, a price-to-earnings ratio of -0.84 and a beta of 1.55. The company’s 50-day moving average is $4.31 and its two-hundred day moving average is $5.26. The company has a current ratio of 2.46, a quick ratio of 0.98 and a debt-to-equity ratio of 0.47.

Algoma Steel Group (NASDAQ:ASTL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.78. The business had revenue of $380.44 million during the quarter, compared to analyst estimates of $366.98 million. Algoma Steel Group had a negative net margin of 31.27% and a negative return on equity of 13.34%. Research analysts expect that Algoma Steel Group Inc. will post -0.63 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Algoma Steel Group in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Algoma Steel Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Algoma Steel Group 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.