Pathstone Holdings LLC Has $4.68 Million Stock Holdings in ArcelorMittal S.A. (NYSE:MT)

Pathstone Holdings LLC boosted its holdings in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 136.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,035 shares of the basic materials company's stock after acquiring an additional 102,876 shares during the quarter. Pathstone Holdings LLC's holdings in ArcelorMittal were worth $4,675,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in ArcelorMittal by 1,820.0% in the second quarter. Blue Trust Inc. now owns 2,016 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,911 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of ArcelorMittal by 1,388.6% during the 2nd quarter. Mather Group LLC. now owns 2,218 shares of the basic materials company's stock valued at $51,000 after buying an additional 2,069 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of ArcelorMittal by 298.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,365 shares of the basic materials company's stock valued at $54,000 after buying an additional 1,771 shares in the last quarter. CWM LLC increased its holdings in ArcelorMittal by 378.2% in the second quarter. CWM LLC now owns 4,930 shares of the basic materials company's stock worth $113,000 after buying an additional 3,899 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in ArcelorMittal during the second quarter valued at approximately $156,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MT shares. Bank of America raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $30.00 to $32.90 in a research report on Thursday, November 14th. Barclays upgraded shares of ArcelorMittal from an "equal weight" rating to an "overweight" rating in a report on Monday, August 19th. JPMorgan Chase & Co. lowered ArcelorMittal from an "overweight" rating to a "neutral" rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft raised ArcelorMittal from a "hold" rating to a "buy" rating and boosted their price target for the stock from $29.00 to $31.00 in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.17.

ArcelorMittal Stock Performance

ArcelorMittal stock traded down $0.18 on Friday, reaching $25.11. 1,353,700 shares of the stock were exchanged, compared to its average volume of 1,734,346. The stock has a market cap of $20.22 billion, a PE ratio of -17.81, a PEG ratio of 0.61 and a beta of 1.77. The firm has a fifty day moving average price of $24.77 and a two-hundred day moving average price of $24.02. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $29.01. The company has a current ratio of 1.46, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16.

ArcelorMittal (NYSE:MT - Get Free Report) last released its earnings results on Thursday, November 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.11 billion. ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. The company's revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Sell-side analysts anticipate that ArcelorMittal S.A. will post 2.99 EPS for the current year.

ArcelorMittal Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.