Zurcher Kantonalbank Zurich Cantonalbank Has $194,000 Stock Holdings in Algoma Steel Group Inc. (NASDAQ:ASTL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 47.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,329 shares of the company’s stock after purchasing an additional 6,236 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Algoma Steel Group were worth $194,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aigen Investment Management LP bought a new position in shares of Algoma Steel Group during the 3rd quarter worth approximately $186,000. EJF Capital LLC lifted its holdings in Algoma Steel Group by 35.0% during the 3rd quarter. EJF Capital LLC now owns 36,458 shares of the company’s stock valued at $248,000 after purchasing an additional 9,458 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Algoma Steel Group in the third quarter valued at $455,000. CIBC Asset Management Inc raised its position in shares of Algoma Steel Group by 2.3% in the third quarter. CIBC Asset Management Inc now owns 87,585 shares of the company’s stock valued at $596,000 after purchasing an additional 1,939 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Algoma Steel Group by 3.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 64,325 shares of the company’s stock worth $437,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Stock Performance

Shares of ASTL stock opened at $7.84 on Wednesday. The company has a market capitalization of $816.14 million, a price-to-earnings ratio of 78.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 2.88. Algoma Steel Group Inc. has a 52 week low of $6.34 and a 52 week high of $10.25. The company has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $8.26.

Algoma Steel Group (NASDAQ:ASTL) last posted its earnings results on Tuesday, February 6th. The company reported ($0.57) EPS for the quarter. The firm had revenue of $452.07 million during the quarter, compared to analyst estimates of $453.22 million. Algoma Steel Group had a net margin of 2.05% and a return on equity of 3.84%. On average, sell-side analysts predict that Algoma Steel Group Inc. will post 0.77 earnings per share for the current year.

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.