PCJ Investment Counsel Ltd. Has $1.41 Million Stake in Algoma Steel Group Inc. (NASDAQ:ASTL)

PCJ Investment Counsel Ltd. lessened its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,430 shares of the company’s stock after selling 39,070 shares during the period. PCJ Investment Counsel Ltd. owned about 0.14% of Algoma Steel Group worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC bought a new stake in shares of Algoma Steel Group during the 3rd quarter valued at approximately $36,008,000. Assenagon Asset Management S.A. bought a new stake in shares of Algoma Steel Group in the 4th quarter valued at $1,248,000. JPMorgan Chase & Co. boosted its stake in Algoma Steel Group by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 357,367 shares of the company’s stock worth $3,656,000 after acquiring an additional 49,642 shares in the last quarter. Stifel Financial Corp bought a new position in Algoma Steel Group during the third quarter worth $390,000. Finally, Geode Capital Management LLC lifted its stake in shares of Algoma Steel Group by 38.4% in the third quarter. Geode Capital Management LLC now owns 150,861 shares of the company’s stock valued at $1,545,000 after buying an additional 41,835 shares in the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Stock Down 5.3 %

ASTL opened at $6.38 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66. The company’s 50-day moving average is $8.16 and its 200 day moving average is $9.53. Algoma Steel Group Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $12.14. The firm has a market capitalization of $669.16 million, a P/E ratio of -5.02 and a beta of 1.47.

About Algoma Steel Group

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.