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Algoma Steel


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: 2,847

Funds holding %
of 6,689 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

325% more call options, than puts

Call options by funds: $9.39M | Put options by funds: $2.21M

2.71% less ownership

Funds ownership: 68.81% [Q4 2023] → 66.1% (-2.71%) [Q1 2024]

8% less funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 11 (-1) [Q1 2024]

9% less funds holding

Funds holding: 116 [Q4 2023] → 105 (-11) [Q1 2024]

18% less capital invested

Capital invested by funds: $715M [Q4 2023] → $584M (-$131M) [Q1 2024]

23% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 40

52% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 21

Research analyst outlook

We haven’t received any recent analyst ratings for ASTL.

Financial journalist opinion