Algoma Steel (ASTL)

• Market cap: $503M
• 1 day: 1.91%
• 5 days: 3.90%
• 1 month: -24.17%
• 3 months: -42.31%
• 6 months: -52.33%
• Year to date: -50.52%
• 1 year: -38.85%
• 5 years: -59.08%
• 10 years: -59.08%
• Sector: Materials
• Industry: Steel

About: Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. 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: 2,818

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

398% more call options, than puts

Call options by funds: $23.4M | Put options by funds: $4.71M

15% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 20

14% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 37

8% more funds holding in top 10

Funds holding in top 10: 13 [Q3] → 14 (+1) [Q4]

2.98% more ownership

Funds ownership: 75.09% [Q3] → 78.07% (+2.98%) [Q4]

2% more funds holding

Funds holding: 131 [Q3] → 134 (+3) [Q4]

0% more capital invested

Capital invested by funds: $795M [Q3] → $797M (+$2.45M) [Q4]