Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by TCW Group Inc.

TCW Group Inc. decreased its position in Algoma Steel Group Inc. (NASDAQ:ASTL) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,588,621 shares of the company’s stock after selling 301,614 shares during the quarter. TCW Group Inc.’s holdings in Algoma Steel Group were worth $15,537,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in Algoma Steel Group in the third quarter valued at approximately $107,000. DekaBank Deutsche Girozentrale grew its position in Algoma Steel Group by 13.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,188 shares of the company’s stock valued at $217,000 after acquiring an additional 2,481 shares in the last quarter. XTX Topco Ltd grew its position in Algoma Steel Group by 132.8% in the third quarter. XTX Topco Ltd now owns 24,433 shares of the company’s stock valued at $250,000 after acquiring an additional 13,937 shares in the last quarter. Barclays PLC grew its position in Algoma Steel Group by 147.1% in the third quarter. Barclays PLC now owns 25,711 shares of the company’s stock valued at $263,000 after acquiring an additional 15,305 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Algoma Steel Group by 831.9% during the third quarter. Quantbot Technologies LP now owns 28,375 shares of the company’s stock worth $290,000 after buying an additional 25,330 shares in the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Stock Down 2.8 %

ASTL stock opened at $7.57 on Friday. Algoma Steel Group Inc. has a twelve month low of $6.67 and a twelve 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 company has a market capitalization of $793.97 million, a P/E ratio of -5.96 and a beta of 1.46. The firm has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $9.69.

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.