Callan Capital LLC boosted its position in shares of ArcelorMittal S.A. (NYSE:MT – Free Report) by 53.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,555 shares of the basic materials company’s stock after purchasing an additional 11,042 shares during the period. Callan Capital LLC’s holdings in ArcelorMittal were worth $730,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MT. Geneos Wealth Management Inc. lifted its holdings in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ArcelorMittal by 68.5% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 595 shares during the last quarter. Park Avenue Securities LLC bought a new position in ArcelorMittal during the 4th quarter valued at about $212,000. Janney Montgomery Scott LLC bought a new position in ArcelorMittal during the 4th quarter valued at about $233,000. Finally, Atria Investments Inc bought a new position in ArcelorMittal during the 3rd quarter valued at about $244,000. 9.29% of the stock is owned by institutional investors.
ArcelorMittal Trading Down 0.8 %
Shares of NYSE MT opened at $27.78 on Friday. ArcelorMittal S.A. has a 1-year low of $20.52 and a 1-year high of $29.38. The company has a market cap of $22.76 billion, a PE ratio of 16.83, a P/E/G ratio of 0.14 and a beta of 1.74. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $24.54 and a two-hundred day moving average of $24.25.
Analyst Ratings Changes
MT has been the subject of a number of research analyst reports. Bank of America raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $32.90 in a research note on Thursday, November 14th. Morgan Stanley downgraded shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.
Check Out Our Latest Stock Report on MT
ArcelorMittal Profile
ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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