Consolidated Portfolio Review Corp Buys Shares of 135,071 Algoma Steel Group Inc. (NASDAQ:ASTL)

Consolidated Portfolio Review Corp purchased a new position in shares of Algoma Steel Group Inc. (NASDAQ:ASTL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 135,071 shares of the company's stock, valued at approximately $1,382,000. Consolidated Portfolio Review Corp owned about 0.13% of Algoma Steel Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in shares of Algoma Steel Group in the fourth quarter valued at approximately $114,000. Thomist Capital Management LP raised its holdings in Algoma Steel Group by 100.3% in the 1st quarter. Thomist Capital Management LP now owns 5,007,597 shares of the company's stock valued at $42,514,000 after acquiring an additional 2,508,133 shares during the last quarter. Swiss National Bank increased its stake in Algoma Steel Group by 6.1% in the first quarter. Swiss National Bank now owns 196,107 shares of the company's stock valued at $1,672,000 after purchasing an additional 11,300 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Algoma Steel Group by 63.1% during the 1st quarter. Russell Investments Group Ltd. now owns 409,658 shares of the company's stock worth $3,485,000 after acquiring an additional 158,526 shares during the period. Finally, MMCAP International Inc. SPC raised its stake in Algoma Steel Group by 152.2% during the first quarter. MMCAP International Inc. SPC now owns 7,789,470 shares of the company's stock worth $66,133,000 after purchasing an additional 4,700,510 shares during the period. 72.00% of the stock is owned by institutional investors and hedge funds.

Algoma Steel Group Trading Up 0.5 %

NASDAQ:ASTL traded up $0.05 on Friday, hitting $9.78. 179,702 shares of the stock were exchanged, compared to its average volume of 563,355. The company has a current ratio of 4.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.39. Algoma Steel Group Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $10.71. The stock has a market cap of $1.02 billion, a PE ratio of -26.43 and a beta of 1.50. The stock has a fifty day moving average of $10.03 and a 200-day moving average of $8.66.

Algoma Steel Group (NASDAQ:ASTL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. Algoma Steel Group had a negative net margin of 0.72% and a negative return on equity of 1.23%. The company had revenue of $475.44 million during the quarter, compared to the consensus estimate of $444.32 million. As a group, equities analysts expect that Algoma Steel Group Inc. will post -0.58 earnings per share for the current fiscal year.

Algoma Steel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.04%. Algoma Steel Group's payout ratio is currently -54.05%.

Algoma Steel Group Company 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.