PCJ Investment Counsel Ltd. Sells 39,070 Shares of Algoma Steel Group Inc. (NASDAQ:ASTL)

PCJ Investment Counsel Ltd. lowered its stake in shares of Algoma Steel Group Inc. (NASDAQ:ASTL) by 21.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 144,430 shares of the company’s stock after selling 39,070 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Algoma Steel Group were worth $1,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in shares of Algoma Steel Group by 4.0% in the 4th quarter. Van ECK Associates Corp now owns 103,555 shares of the company’s stock worth $1,013,000 after purchasing an additional 3,944 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of Algoma Steel Group by 7.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 92,646 shares of the company’s stock valued at $948,000 after acquiring an additional 6,803 shares during the last quarter. GSA Capital Partners LLP lifted its position in Algoma Steel Group by 23.5% in the third quarter. GSA Capital Partners LLP now owns 44,757 shares of the company’s stock worth $458,000 after buying an additional 8,502 shares during the last quarter. Wexford Capital LP bought a new stake in Algoma Steel Group in the third quarter worth $107,000. Finally, XTX Topco Ltd lifted its position in shares of Algoma Steel Group by 132.8% during the third quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock worth $250,000 after purchasing an additional 13,937 shares during the last quarter. Institutional investors own 72.00% of the company’s stock.

Algoma Steel Group Stock Performance

Shares of Algoma Steel Group stock opened at $6.38 on Friday. The stock’s fifty day moving average price is $8.16 and its 200-day moving average price is $9.53. Algoma Steel Group Inc. has a 12 month low of $6.37 and a 12 month high of $12.14. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The firm has a market cap of $669.16 million, a P/E ratio of -5.02 and a beta of 1.47.

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.