FMR LLC purchased a new position in shares of Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,519,803 shares of the company's stock, valued at approximately $36,008,000. FMR LLC owned about 3.37% of Algoma Steel Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its position in Algoma Steel Group by 89.9% during the 2nd quarter. American Century Companies Inc. now owns 308,543 shares of the company's stock worth $2,140,000 after acquiring an additional 146,104 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Algoma Steel Group by 106.8% in the 2nd quarter. Renaissance Technologies LLC now owns 126,133 shares of the company's stock worth $878,000 after buying an additional 65,133 shares during the last quarter. Intact Investment Management Inc. grew its position in shares of Algoma Steel Group by 6.6% in the 3rd quarter. Intact Investment Management Inc. now owns 1,298,600 shares of the company's stock worth $13,309,000 after buying an additional 80,700 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Algoma Steel Group in the 2nd quarter worth approximately $939,000. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of Algoma Steel Group in the 3rd quarter worth approximately $1,382,000. 72.00% of the stock is currently owned by institutional investors.
Algoma Steel Group Stock Performance
Shares of ASTL stock traded up $0.22 during trading hours on Monday, reaching $10.37. The company's stock had a trading volume of 442,690 shares, compared to its average volume of 572,891. Algoma Steel Group Inc. has a one year low of $6.67 and a one year high of $12.14. The firm's fifty day simple moving average is $10.49 and its 200 day simple moving average is $9.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.
Algoma Steel Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, November 27th will be given a $0.05 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. Algoma Steel Group's dividend payout ratio is currently -15.75%.
Algoma Steel Group Company Profile
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Free Report)
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.
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