International Assets Investment Management LLC Acquires New Holdings in ArcelorMittal S.A. (NYSE:MT)

International Assets Investment Management LLC acquired a new stake in shares of ArcelorMittal S.A. (NYSE:MT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,193 shares of the basic materials company’s stock, valued at approximately $5,160,000.

Several other institutional investors also recently bought and sold shares of MT. Raymond James & Associates increased its holdings in ArcelorMittal by 36.5% during the first quarter. Raymond James & Associates now owns 77,799 shares of the basic materials company’s stock valued at $2,490,000 after buying an additional 20,821 shares during the period. Bank of New York Mellon Corp increased its holdings in ArcelorMittal by 15.0% during the first quarter. Bank of New York Mellon Corp now owns 17,618 shares of the basic materials company’s stock valued at $564,000 after buying an additional 2,294 shares during the period. American Century Companies Inc. increased its holdings in ArcelorMittal by 11.3% during the first quarter. American Century Companies Inc. now owns 79,895 shares of the basic materials company’s stock valued at $2,557,000 after buying an additional 8,085 shares during the period. US Bancorp DE increased its holdings in ArcelorMittal by 75.4% during the first quarter. US Bancorp DE now owns 23,765 shares of the basic materials company’s stock valued at $760,000 after buying an additional 10,217 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in ArcelorMittal by 10.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,874 shares of the basic materials company’s stock valued at $252,000 after buying an additional 758 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal Price Performance

Shares of MT opened at $26.95 on Tuesday. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 0.34 and a beta of 1.93. ArcelorMittal S.A. has a twelve month low of $21.30 and a twelve month high of $30.15. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $26.94 and a two-hundred day moving average of $25.89.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing the consensus estimate of ($2.08) by ($1.49). The firm had revenue of $14.55 billion during the quarter, compared to analyst estimates of $16.39 billion. ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. ArcelorMittal’s revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business earned $1.37 earnings per share. As a group, analysts predict that ArcelorMittal S.A. will post 4.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

About ArcelorMittal

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.