Here are the top Institutional holders of Algoma Steel Group Inc (ASTL) shares

Algoma Steel Group Inc (NASDAQ: ASTL) is -20.84% lower on its value in year-to-date trading and has touched a low of $6.34 and a high of $10.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASTL stock was last observed hovering at around $8.32 in the last trading session, with the day’s loss setting it -0.38%.

Currently trading at $7.94, the stock is -9.25% and -11.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -4.57% at the moment leaves the stock 4.23% off its SMA200. ASTL registered -5.70% loss for a year compared to 6-month gain of 16.25%. The firm has a 50-day simple moving average (SMA 50) of $0.30 and a 200-day simple moving average (SMA200) of $3.53.

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The stock witnessed a -16.07% loss in the last 1 month and extending the period to 3 months gives it a 11.36%, and is -5.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.01% over the week and 3.22% over the month.

Algoma Steel Group Inc (ASTL) has around 2847 employees, a market worth around $822.35M and $2.11B in sales. Current P/E ratio is 86.40. Profit margin for the company is 2.05%. Distance from 52-week low is 25.14% and -22.54% from its 52-week high. The company has generated returns on investments over the last 12 months (3.65%).

Algoma Steel Group Inc quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $552.8M over the same period., but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -18.40% in year-over-year returns.

155 institutions hold shares in Algoma Steel Group Inc (ASTL), with institutional investors hold 75.72% of the company’s shares. The shares outstanding are 103.57M, and float is at 93.55M with Short Float at 3.77%. Institutions hold 72.03% of the Float.

The top institutional shareholder in the company is Smith (Donald) & Company Inc. with over 7.49 million shares valued at $53.18 million. The investor’s holdings represent 7.23% of the ASTL Shares outstanding. As of Jun 29, 2023, the second largest holder is Maple Rock Capital Partners, Inc. with 6.09 million shares valued at $43.25 million to account for 5.88% of the shares outstanding. The other top investors are Contrarian Capital Management, LLC which holds 5.26 million shares representing 5.08% and valued at over $37.37 million, while Weiss Multi-Strategy Advisers, LLC holds 2.84% of the shares totaling 2.94 million with a market value of $20.9 million.

Algoma Steel Group Inc (ASTL) Insider Activity

A total of 1 insider transactions have happened at Algoma Steel Group Inc (ASTL) in the last six months, with sales accounting for 0 and purchases happening 1 times.