Latest Stocks: Bank of Montreal Can Purchases 1,599 Shares of ArcelorMittal SA (MT)

Latest Stocks: Bank of Montreal Can Purchases 1,599 Shares of ArcelorMittal SA (MT)

Bank of Montreal Can boosted its stake in shares of ArcelorMittal SA (NYSE:MT) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,020 shares of the basic materials company’s stock after buying an additional 1,599 shares during the period. Bank of Montreal Can’s holdings in ArcelorMittal SA were worth $184,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MT. Baird Financial Group Inc. increased its position in ArcelorMittal SA by 15.8% in the fourth quarter. Baird Financial Group Inc. now owns 16,715 shares of the basic materials company’s stock valued at $122,000 after buying an additional 2,286 shares in the last quarter. Scotia Capital Inc. purchased a new position in ArcelorMittal SA during the fourth quarter valued at approximately $137,000. FNY Partners Fund LP purchased a new position in ArcelorMittal SA during the fourth quarter valued at approximately $182,000. Wetherby Asset Management Inc. increased its position in ArcelorMittal SA by 1.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 37,767 shares of the basic materials company’s stock valued at $276,000 after buying an additional 399 shares in the last quarter. Finally, Highland Capital Management LLC increased its position in ArcelorMittal SA by 16.1% in the first quarter. Highland Capital Management LLC now owns 54,625 shares of the basic materials company’s stock valued at $456,000 after buying an additional 7,590 shares in the last quarter. 3.46% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal SA (NYSE:MT) opened at 21.19 on Tuesday. The stock’s 50 day moving average price is $22.68 and its 200-day moving average price is $24.06. The stock has a market capitalization of $21.61 billion, a PE ratio of 7.03 and a beta of 2.06. ArcelorMittal SA has a 12-month low of $12.54 and a 12-month high of $28.11.

MT has been the subject of several recent research reports. TheStreet raised ArcelorMittal SA from a “c” rating to a “b-” rating in a research note on Monday, May 15th. Goldman Sachs Group Inc reissued a “buy” rating on shares of ArcelorMittal SA in a research note on Friday, February 17th. Jefferies Group LLC reissued a “buy” rating and issued a $31.50 price objective on shares of ArcelorMittal SA in a research note on Thursday, February 16th. Bank of America Corp raised ArcelorMittal SA from a “neutral” rating to a “buy” rating in a research note on Friday, February 10th. Finally, Credit Suisse Group AG set a $45.00 price objective on ArcelorMittal SA and gave the company a “buy” rating in a research note on Saturday, March 25th. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.39. About ArcelorMittal SA

Related posts

Leave a Comment