Algoma Steel (ASTL)

• Market cap: $652M
• 1 day: 7.22%
• 5 days: -7.00%
• 1 month: -23.15%
• 3 months: -38.10%
• 6 months: -39.36%
• Year to date: -35.67%
• 1 year: -21.51%
• 5 years: -46.80%
• 10 years: -46.80%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

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 Q4 regulatory filings 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]

2.83% more ownership

Funds ownership: 75.44% [Q3] → 78.26% (+2.83%) [Q4]

2% more funds holding

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

0% more capital invested

Capital invested by funds: $799M [Q3] → $799M (+$663K) [Q4]