Terril Brothers Inc. Makes New Investment in Algoma Steel Group Inc. (NASDAQ:ASTL)

Terril Brothers Inc. bought a new position in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,900 shares of the company’s stock, valued at approximately $214,000.

A number of other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its holdings in Algoma Steel Group by 13.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock worth $217,000 after purchasing an additional 2,481 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Algoma Steel Group by 4.0% in the 4th quarter. Van ECK Associates Corp now owns 103,555 shares of the company’s stock valued at $1,013,000 after acquiring an additional 3,944 shares in the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Algoma Steel Group by 7.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 92,646 shares of the company’s stock valued at $948,000 after acquiring an additional 6,803 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Algoma Steel Group by 23.5% in the 3rd quarter. GSA Capital Partners LLP now owns 44,757 shares of the company’s stock valued at $458,000 after acquiring an additional 8,502 shares in the last quarter. Finally, Wexford Capital LP bought a new position in shares of Algoma Steel Group in the 3rd quarter valued at about $107,000. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Price Performance

Shares of NASDAQ ASTL opened at $7.34 on Friday. The stock has a market capitalization of $769.85 million, a price-to-earnings ratio of -5.78 and a beta of 1.46. The business has a 50-day moving average of $8.47 and a 200-day moving average of $9.63. 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 Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $12.14.

Algoma Steel Group 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.