XTX Topco Ltd Invests $73,000 in Algoma Steel Group Inc. (NASDAQ:ASTL)

XTX Topco Ltd acquired a new stake in Algoma Steel Group Inc. (NASDAQ:ASTL) in the 2nd quarter, Holdings Channel reports. The fund acquired 10,496 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors also recently bought and sold shares of ASTL. Donald Smith & CO. Inc. increased its stake in Algoma Steel Group by 1.4% during the 1st quarter. Donald Smith & CO. Inc. now owns 9,758,398 shares of the company’s stock valued at $82,849,000 after purchasing an additional 134,919 shares in the last quarter. MMCAP International Inc. SPC boosted its position in Algoma Steel Group by 152.2% in the 1st quarter. MMCAP International Inc. SPC now owns 7,789,470 shares of the company’s stock worth $66,133,000 after purchasing an additional 4,700,510 shares in the last quarter. Thomist Capital Management LP boosted its holdings in Algoma Steel Group by 100.3% during the first quarter. Thomist Capital Management LP now owns 5,007,597 shares of the company’s stock worth $42,514,000 after buying an additional 2,508,133 shares in the last quarter. Intact Investment Management Inc. grew its position in shares of Algoma Steel Group by 7.2% during the 2nd quarter. Intact Investment Management Inc. now owns 1,217,900 shares of the company’s stock valued at $8,448,000 after acquiring an additional 81,700 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in Algoma Steel Group in the first quarter valued at approximately $7,663,000. 72.00% of the stock is currently owned by institutional investors and hedge funds.

Algoma Steel Group Price Performance

Algoma Steel Group stock opened at $10.08 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 33.00 and a beta of 1.50. The company’s fifty day moving average price is $9.69 and its 200 day moving average price is $8.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.15 and a current ratio of 4.19. Algoma Steel Group Inc. has a 1 year low of $6.34 and a 1 year high of $10.71.

Algoma Steel Group (NASDAQ:ASTL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The firm had revenue of $475.44 million during the quarter, compared to the consensus estimate of $444.32 million. Algoma Steel Group had a negative return on equity of 1.23% and a negative net margin of 0.72%. As a group, equities research analysts anticipate that Algoma Steel Group Inc. will post -0.72 earnings per share for the current fiscal year.

Algoma Steel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.98%. Algoma Steel Group’s payout ratio is 64.52%.

Algoma Steel Group Company 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.