TD Asset Management Inc Sells 87,388 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

TD Asset Management Inc trimmed its holdings in Algoma Steel Group Inc. (NASDAQ:ASTLFree Report) by 34.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,775 shares of the company’s stock after selling 87,388 shares during the period. TD Asset Management Inc owned 0.16% of Algoma Steel Group worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TCW Group Inc. lifted its holdings in Algoma Steel Group by 0.7% during the 4th quarter. TCW Group Inc. now owns 2,431,227 shares of the company’s stock valued at $24,385,000 after purchasing an additional 18,000 shares during the last quarter. Aigen Investment Management LP raised its position in shares of Algoma Steel Group by 79.4% in the fourth quarter. Aigen Investment Management LP now owns 48,993 shares of the company’s stock valued at $491,000 after purchasing an additional 21,687 shares during the period. Boston Partners acquired a new stake in shares of Algoma Steel Group during the 4th quarter worth about $277,000. Jump Financial LLC boosted its holdings in shares of Algoma Steel Group by 37.5% during the 4th quarter. Jump Financial LLC now owns 92,063 shares of the company’s stock worth $923,000 after buying an additional 25,118 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Algoma Steel Group in the 4th quarter valued at about $126,000. 72.00% of the stock is currently owned by institutional investors.

Algoma Steel Group Stock Down 1.7 %

Algoma Steel Group stock opened at $7.46 on Friday. The company’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.35. The company has a quick ratio of 0.98, a current ratio of 2.88 and a debt-to-equity ratio of 0.09. The stock has a market cap of $776.74 million, a P/E ratio of 74.60 and a beta of 1.51. Algoma Steel Group Inc. has a twelve month low of $6.34 and a twelve month high of $10.25.

Algoma Steel Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Algoma Steel Group (NASDAQ:ASTL)

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