Algoma SteelASTL
About: Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.
Employees: 2,844
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more call options, than puts
Call options by funds: $5.84M | Put options by funds: $2.85M
83% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 12
9% more funds holding
Funds holding: 106 [Q1] → 116 (+10) [Q2]
9% more funds holding in top 10
Funds holding in top 10: 11 [Q1] → 12 (+1) [Q2]
3.0% less ownership
Funds ownership: 71.74% [Q1] → 68.73% (-3.0%) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 35
20% less capital invested
Capital invested by funds: $634M [Q1] → $507M (-$127M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for ASTL.