Van ECK Associates Corp lessened its stake in ArcelorMittal S.A. (NYSE:MT - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,475 shares of the basic materials company's stock after selling 14,467 shares during the period. Van ECK Associates Corp's holdings in ArcelorMittal were worth $4,359,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its position in ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock valued at $26,000 after buying an additional 536 shares in the last quarter. GAMMA Investing LLC lifted its holdings in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 595 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in ArcelorMittal by 11.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 16,008 shares of the basic materials company's stock valued at $418,000 after acquiring an additional 1,615 shares during the last quarter. Seascape Capital Management lifted its holdings in ArcelorMittal by 7.4% in the 3rd quarter. Seascape Capital Management now owns 26,170 shares of the basic materials company's stock valued at $687,000 after acquiring an additional 1,812 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in ArcelorMittal by 7.9% in the 3rd quarter. Signaturefd LLC now owns 30,011 shares of the basic materials company's stock valued at $788,000 after acquiring an additional 2,199 shares during the last quarter. Institutional investors own 9.29% of the company's stock.
ArcelorMittal Trading Down 0.8 %
MT stock traded down $0.23 during mid-day trading on Friday, reaching $27.78. 1,922,032 shares of the stock traded hands, compared to its average volume of 2,170,791. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. ArcelorMittal S.A. has a 52-week low of $20.52 and a 52-week high of $29.38. The company has a market cap of $22.76 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.14 and a beta of 1.74. The stock's fifty day moving average is $24.54 and its 200-day moving average is $24.25.
ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. As a group, sell-side analysts expect that ArcelorMittal S.A. will post 3.72 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on MT shares. Morgan Stanley downgraded shares of ArcelorMittal from an "overweight" rating to an "equal weight" rating in a report on Friday, February 14th. Bank of America raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and upped their price target for the company from $30.00 to $32.90 in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.17.
Read Our Latest Stock Analysis on ArcelorMittal
About ArcelorMittal
(
Free Report)
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.
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